Nvidia leads ahead of earnings; GE Vernova High Powers

Major U.S. stock indexes rose on Wednesday, with Nvidia (NVDA) stock rising 2.9% to lead chip stocks higher ahead of the AI ​​darling’s highly anticipated quarterly results after the bell.

The S&P 500 rose 0.4%, while the Dow Jones Industrial Average rose 0.1%, and the Nasdaq advanced 0.6%. See here for Investopedia Complete daily market summary.

Shares of GE Vernova (GEV), the energy technology company that was spun off from GE in April 2024, rose 7.3% after the company announced its first wind energy return agreement outside the United States. Under the deal, GE Vernova will provide 25 wind power upgrade kits, used to modernize and extend the operational life of older wind turbines, to the Taiwanese energy company.

Constellation Energy (CEG) shares jumped 5.3% after the Energy Department said it provided a $1 billion loan to finance the utility company’s plan to restart a decommissioned nuclear reactor at the Pennsylvania site formerly known as Three Mile Island. Constellation struck a deal last year with Microsoft (MSFT) to resume operations at the nuclear facility to help power the software giant’s energy-intensive data centers.

Lowe’s Companies ( LOW ) reported better-than-expected adjusted earnings for the third quarter, and shares of the home improvement retailer rose 4%. The company highlighted increased online sales, the strength of its business with professional contractors, and growth in Home Services, a program that connects customers with licensed professionals to help with installation and remodeling projects. The strong report from Lowe’s came a day after rival Home Depot ( HD ) missed quarterly earnings forecasts and cut its outlook, citing headwinds related to economic uncertainty and the housing market.

Shares of Google parent Alphabet (GOOGL, GOOG) rose 2.8% to close at an all-time high after the tech giant launched Gemini 3, its latest artificial intelligence model. Many analysts praised the latest version, saying it competes with the latest models from competitors such as OpenAI and Anthropic. Wednesday’s move into record territory followed gains earlier in the week after Warren Buffett’s Berkshire Hathaway (BRK.A, BRK.B) disclosed a stake in Alphabet.

Eversource Energy (ES) stock fell 12.5%, losing the most of any stock in the S&P 500, after Connecticut regulators rejected the utility company’s proposed sale of its Aquarion Water subsidiary to a newly created quasi-public entity for $2.4 billion. The state Public Utilities Regulatory Commission voted unanimously to block the deal, determining that it failed to meet appropriate standards of administrative sustainability.

A pair of agricultural giants have come under pressure after reports that the Trump administration may delay proposed cuts to incentives for biofuel imports. Shares of Archer Daniels Midland (ADM) and Bunge (BG), which process commodities such as corn and soybeans into biofuels, fell 3.8% and 3.1%, respectively.