Dow closes 300 points higher for back-to-back gains as investors look past tariff tumult

Stocks rallied on Wednesday, pushing the major averages higher for the second day in a row, as investors looked past the trade turmoil that weighed on the market earlier in the week.

The gains came even as notable technology stocks Alphabet

 and AMD posted steep losses following earnings.

The blue-chip Dow Jones Industrial Average climbed 317.24 points, or 0.71%, to 44,873.28. The index’s gains were led by a sharp advance in Nvidia. 

The S&P 500 rose 0.39%, ending at 6,061.48. Meanwhile, the Nasdaq Composite added 0.19%, closing at 19,692.33.

Nvidia  jumped more than 5% after server maker Super Micro Computer

 announced full production availability of its artificial intelligence data center with Nvidia’s Blackwell platform. Super Micro shares rose around 8% following the announcement.

Amgen also helped the Dow’s advance in the session, as the stock jumped 6% on the heels of its better-than-expected adjusted earnings and revenue for the fourth quarter.

The Dow, along with the two other major averages, tumbled on Monday after the U.S. unveiled a 10% levy on Chinese imports over the weekend. But the benchmarks started to turn around later during that trading day and have continued that trend into Tuesday, which also saw China retaliate with tariffs of up to 15% on U.S. goods.