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Feb 26 - Stocks rallied on Wednesday as major indexes recovered from a four?day slump, with investors eagerly awaiting Nvidia's fourth?quarter report. The S&P 500 edged up about 0.6%, while the Nasdaq Composite gained 1% and the Dow Jones Industrial Average climbed 135 points, or 0.3%.
After a discouraging session on Tuesday that saw the S&P 500 fall 0.5% and the Nasdaq drop nearly 1.4%, the broader market began to rebound. The Dow proved resilient, advancing roughly 0.4%, offering a contrast to earlier losses.
Weak consumer sentiment, reflected in a lower?than?expected reading from the Conference Board, added to recent concerns over retail sales and broader economic uncertainty. Analysts noted that these factors contributed to investor caution over the past week, putting pressure on major averages.
Nvidia (NVDA, Financial), a market bellwether, saw its stock surge more than 3% Wednesday. The company's upcoming earnings report, amid concerns over DeepSeek's impact, is expected to mirror September's results, where analyst estimates may be surpassed, but market expectations remain high.
This article first appeared on GuruFocus.