S&P 500 notches record close, traders turn to Nvidia results

The S&P 500 climbed 0.24% to end the session at 6,481.40 points. The Nasdaq gained 0.21% to 21,590.14 points, while the Dow rose 0.32% to 45,565.23 points.

NEW YORK: The S&P 500 notched a record high close on Wednesday ahead of quarterly results from Nvidia, Wall Street's most closely watched event this week, which will test the rally that has pushed valuations of AI-related companies to levels that some investors view as too high.

Shares of Nvidia, the world's most valuable company and the leading supplier of cutting-edge AI processors, bounced between gains and losses before ending down 0.1% ahead of the report, due after the market closes.