Stock Market Today: Dow, Nasdaq Higher Amid Jobs, Iran, Tariffs; Nvidia Rises (Live Coverage)

The Dow Jones Industrial Average and other major indexes finished on a positive note as Wall Street reacted to better-than-expected jobs data, the U.S. sinking of Iranian ships and updates on the tariff front. Meanwhile, the Federal Reserve’s Beige Book reported mixed economic activity. Nvidia (NVDA) and Tesla (TSLA) were among the winners on the stock market today.

On Wednesday, the Dow reversed from opening losses to gain 0.5% at the closing bell. Tech stocks like Amazon (AMZN) were in the lead among Dow components along with Caterpillar (CAT), while Coca-Cola (KO) lagged. Chevron (CVX) also fell.

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The S&P 500 scored a 0.8% gain. The tech-heavy Nasdaq composite jumped 1.3%. And small caps joined the rally as the Russell 2000 moved 1.1% higher.

Volume on the New York Stock Exchange was lower but higher on the Nasdaq compared with the same time on Tuesday. Advancers beat decliners by roughly 2-to-1 on both.

The yield on the benchmark 10-year Treasury note rose two basis points to 4.08%. Crude oil climbed again with West Texas Intermediate futures settling near $75.65 a barrel.

Elsewhere, President Donald Trump officially nominated Kevin Warsh as the next chairman of the Federal Reserve, replacing Jerome Powell when the latter official’s term ends in May. The nomination awaits approval from the Senate.

Also on Wednesday, anecdotal evidence from the Federal Reserve’s Beige Book showed mixed economic activity across the Fed’s 12 districts with seven districts noting an increase while five reported flat to declining activity.

3:38 p.m. ET

Nvidia Rises Amid OpenAI News

Nvidia rose amid a report from Reuters that Chief Executive Jensen Huang said the chipmaker may not make further investments in OpenAI as the latter plans on going public this year. Nvidia’s recent $30 billion stake in the ChatGPT maker may be its last, Huang indicated.

Shares of Nvidia rose more than 3% within a base that has a buy point of 212.19.

Futures: Market Rebounds Near Key Levels; Broadcom Earnings Top Late

2:40 p.m. ET

Stock Market Today: Abercrombie & Fitch Tumbles

Tariffs hurt the current quarter outlook for retail apparel maker Abercrombie & Fitch (ANF). Earnings of $3.68 per share topped views by 11 cents while sales met estimates of $1.67 billion.

The company, however, predicted sales growth of just 2% at the midpoint for its fiscal first quarter due to the impact of tariffs announced on Feb. 20.

Shares fell 5% to their 200-day moving average.

1:48 p.m. ET

Broadcom Rises With Earnings Ahead

Nvidia rival Broadcom (AVGO) rose to its 200-day moving average ahead of its fiscal first-quarter earnings report, which is due after the market close. Analysts are targeting $2.03 in earnings per share or 27% growth. They see sales up 28% to $19.3 billion. Shares have fallen 9% year to date, coming into Wednesday.

1:14 p.m. ET

Stock Market Today: Ross Jumps On Earnings Beat

Shares of Ross Stores (ROST) jumped nearly 8% after the discount retailer reported accelerating growth for its fourth quarter. Earnings came in at $2 per share on sales of $6.6 billion. The company’s own forecast called for earnings of $1.81 per share, while analysts expected $1.90 in earnings per share on $6.42 billion in sales.

Shares had fallen amid the U.S.-Iran conflict this week but reversed higher Wednesday.

12:31 p.m. ET

Bitcoin Surges On Trump News

Bitcoin soared 7% after President Donald Trump posted on social media that passing the Clarity Act was central to complete the Genius Act of 2025.

The Clarity Act is a market structure bill for the crypto industry and follows the Genius Act, which established a framework for stablecoins or digital currencies pegged to the U.S. dollar. Bitcoin cleared the $70,000 mark Wednesday, and moved past $73,000 in recent action.

Crypto-related stocks such as Coinbase (COIN) and Strategy (MSTR) jumped as well, attempting to retake their 50-day moving averages.

11:20 a.m. ET

Moderna Jumps After Patent Settlement

Moderna (MRNA) surged more than 8% after a yearlong patent suit was resolved. The vaccine maker will pay a one-time fee of $950 million to Arbutus (ABUS) and Genevant Sciences, a subsidiary of Roivant Sciences (ROIV), for its Covid vaccine Spikevax and mResvia, a respiratory syncytial virus vaccine.

The company may be liable for another $1.3 billion if its appeal for immunity as a government contractor is rejected by the Federal Circuit court. But analysts feared a much heftier bill of up to $5 billion.

Arbutus fell more than 4% while Roivant gained nearly 3%.

10:29 a.m. ET

AI Data Center Stock Reverses Lower Amid Earnings

Dycom (DY) soared, then reversed lower after reporting January-quarter earnings of $2.03 a share on $1.46 billion in sales. Analysts expected $1.43 billion in sales and earnings of $1.87 a share for the period, which was the company’s fiscal fourth quarter for 2026.

The telecom and building systems services provider expects demand from data centers and hyperscalers to drive revenue of $7 billion at the midpoint for fiscal 2027. It offered a first-quarter outlook of $2.74 in earnings per share on $1.68 billion in sales at the midpoint, beating estimates of $1.87 in earnings per share and $1.4 billion in sales.

But shares dropped more than 1% after rising premarket. The stock has run up substantially over the last 12 months, jumping more than 150%, but is in the midst of a five-day slump.

9:47 a.m. ET

Stock Market Today: Nasdaq 100 Winners, Losers

Within the Nasdaq 100, bitcoin play Strategy (MSTR) and Old Dominion Freight Line (ODFL) jumped 8% and more than 6%, respectively, making them some of the best performers just after the market open.

See Which Stocks Top Money Managers Are Buying Right Now

Meanwhile, Atlassian (TEAM) and Dexcom (DXCM) declined nearly 4% and almost 2%, respectively, in morning trading.

9:09 a.m. ET

Dow Jones Movers: Boeing, Chevron

Inside the Dow Jones industrials, Boeing (BA) and Caterpillar (CAT) climbed 0.9% and 1.5%, respectively, in early morning action.

On the downside, Chevron (CVX) declined 1.1% as energy prices eased. Apple (AAPL) shares edged lower, as they try to find support around their 50-day moving average.

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8:29 a.m. ET

Surprise Jobs Data

Early Wednesday, ADP said private payrolls rose by 63,000 in February, more than expected.

Private payrolls were anticipated to be up 43,000 for the month after a rise of 22,000 in January.

8:04 a.m. ET

Stock Market Today: U.S.-Iran News, Trump Tariffs

Early Wednesday, a New York Times report said Iran’s Ministry of Intelligence reached out indirectly to the Central Intelligence Agency with an offer to discus terms for ending the conflict. The outreach reportedly took place a day after the U.S.-Israeli attacks began, but the U.S. is skeptical that Iran is ready to negotiate.

Meanwhile, Treasury Secretary Scott Bessent said President Donald Trump’s new global tariff will likely rise to 15% this week. Trump imposed a new 10% global rate on Feb. 4 after the Supreme Court struck down many of his tariffs.

Nvidia, Tesla Rebound

Nvidia stock moved up 0.7% Wednesday morning, set to rebound from Tuesday’s 1.3% decline. Shares are bouncing from their 200-day moving average, a key long-term support level to watch.

Tesla shares gained 1.1%, bouncing back from Tuesday’s 2.7% slide that saw them reach their lowest level since Nov. 21. The electric-vehicle giant is also trying to find support at its 200-day line.

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Earnings Movers: Abercrombie, Ross Stores

Earnings movers Wednesday morning were Abercrombie & Fitch (ANF), CrowdStrike (CRWD), Dycom (DY) and Ross Stores (ROST).

Abercrombie stock dropped more than 2%, as CrowdStrike shares rose modestly in morning trading. Dycom climbed nearly 3% in premarket trading, while Ross Stores advanced more than 6%.

Meanwhile, artificial intelligence chip leader Broadcom (AVGO) is set to report earnings after the close.

Stock Market Today: Jobs Data Next

Due out at 8:15 a.m. ET is ADP’s employment report for February. Private payrolls are expected to be up 43,000 for the month after a rise of 22,000 in January.

ADP’s jobs data is a precursor to the Labor Department’s February jobs report, which is due Friday morning. Nonfarm payrolls are seen up 60,000, with the unemployment rate seen ticking up to 4.4%, according to Econoday estimates.

**Breakout Watch: Strategic Shift Transforms This IBD 50 AI Play

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_Be sure to follow Scott Lehtonen on X _at @IBD_SLehtonen for more on growth stocks, the Dow Jone__s Industrial Average and the stock market today.

Please follow VRamakrishnan on X/Twitter for more news on the stock market today.

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