Dow, Nasdaq and S&P Close Positively While Nvidia Expectations Rise

American stock indices, Dow Jones (DJI), Nasdaq Composite (IXIC), and S&P 500 (GSPC), closed the trading session on Wednesday positively. This favorable closing occurred ahead of Nvidia's (NVDA) third-quarter earnings report, which is expected to surpass Wall Street's expectations.

Among the major themes in the markets are the recovery in the technology sector and the nature of market bubbles, while expert comments drew attention. Jared Blikre shared insights from the day's trading, noting that shopping in the tech sector stood out and emphasized that only the technology sector performed strongly compared to the S&P 500.

Compared to the S&P 500's composite average, only the technology sector achieved positive results. The health sector exhibited the best performance among six sectors, showing a 6% increase over the last quarter. Energy and utilities remained relatively positive, while many other sectors experienced losses.

Investors focusing on Nvidia's third-quarter results are curious about the company's stock performance. According to past data, over the last ten quarters, the average stock performance after earnings reports has yielded a positive return of 3.6%. If Nvidia reports good results, there is a possibility of seeing a closing between 4% and 4.5%.

Additionally, an update on cryptocurrencies is significant. In the last 24 hours, levels have dropped below previous highs, and it is currently observed to have risen to 90 dollars. If it breaks 88 dollars, it will be deemed an important support level.