Stocks Set to Rise as Investors Weigh Inflation Data, Trump’s Middle-East Tour
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Stocks were set to edge higher on Wednesday, having racked up solid gains the previous session thanks to a cooler-than-expected inflation reading and news of artificial intelligence investments from Saudi Arabia. The S&P 500 and Nasdaq both rose Tuesday after AI chip maker Nvidia said it would partner with Saudi Arabia’s state-backed Humain on a 500 megawatt data-center project. Investors will be hoping that’s a sign of things to come, with President Donald Trump on a four-day tour of the Middle East.
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