Wall Street stocks advanced on Wednesday, with gains in major technology companies and relatively steady oil prices and bond yields helping to lift the market after a subdued start to the week. The rally followed a downbeat beginning to the week for investors.
Nvidia's stock experienced a significant surge, rising more than 3%, which contributed to the Dow Jones Industrial Average's upward movement. The S&P 500 and the Nasdaq composite also recorded gains of 0.5% each.
In commodity markets, Brent crude oil settled 1% higher at $95.63 per barrel, influenced by ongoing geopolitical tensions related to Iran. Chevron's stock saw a modest increase of 0.3% after the company confirmed plans to expand its operations in Venezuela.
Bond yields experienced a slight decrease, with the yield on the 10-year Treasury note falling to 4.78% from 4.79% recorded late Tuesday.
On Wednesday, September 2, 2026, the S&P 500 closed up 35.13 points, or 0.5%, at 7,666.60. The Dow Jones Industrial Average gained 295.07 points, or 0.6%, to finish at 53,061.95. The Nasdaq composite rose 118.05 points, or 0.5%, to 26,217.83. The Russell 2000 index, which tracks smaller companies, saw a more substantial gain of 1.1%, adding 33.03 points to reach 2,953.17.
For the week, however, the major indexes have seen declines. The S&P 500 is down 0.6%, the Dow is down 0.9%, the Nasdaq is down 0.7%, and the Russell 2000 is down 0.6%.
Despite the weekly dip, year-to-date performance remains strong. The S&P 500 is up 12%, the Dow has increased by 10.4%, the Nasdaq is up 12.8%, and the Russell 2000 has surged by 19% so far in 2026.