4DS - Anything but Charting, page-34991

Tech industry got a boost with good numbers from Nvidia overnight.

US stocks have closed slightly higher as shares of Nvidia gained after its quarterly results, while investors digested a late-afternoon court ruling that reinstated the most sweeping of President Donald Trump's tariffs.

The appeals court ruling came a day after a trade court had ordered an immediate block on the tariffs.

Indexes ended well off their highs of the day. Salesforce shares fell even as the enterprise software provider raised its annual revenue and adjusted profit forecasts.

Nvidia gained after the company late on Wednesday reported upbeat sales results, driven by customers stockpiling AI chips ahead of US export restrictions on China.

The company, however, warned the new curbs are expected to cut $US8 billion from its current-quarter sales.

Optimism about corporate earnings and Nvidia in particular is providing some support, said Oliver Pursche, senior vice president, adviser for Wealthspire Advisors in Westport, Connecticut.

But he added, "As an investor, I don't think there's an impetus to do anything or change anything, and that's what the market is reflecting."

According to preliminary data, the S&P 500 gained 23.53 points, or 0.40 per cent, to end at 5,912.08 points, while the Nasdaq Composite gained 74.77 points, or 0.39 per cent, to 19,175.87. The Dow Jones Industrial Average rose 118.97 points, or 0.28 per cent, to 42,217.67.