• Updated

The U.S. stock market ticked higher, led by its most influential stock, Nvidia. The S&P 500 rose 0.6% Wednesday and pulled closer to its all-time high set late last month. The Dow Jones Industrial Average added 0.3%, and the Nasdaq composite gained 0.8%. Nvidia was the strongest force lifting the market after Meta Platforms announced a deal to use millions of its chips in AI data centers. Treasury yields climbed following several reports on the U.S. economy that were stronger than economists expected. Stock indexes also rose in Europe and in Japan, with several Asian market closed for the Lunar New Year holiday.