The broad-based S&P 500 index, which had previously fallen for four consecutive days, rose 0.4 percent. The Dow Jones industrial average rose 0.1 percent and the tech-heavy Nasdaq composite index rose 0.6 percent.
Much focus was on AI giant Nvidia, which will present its interim results after the stock market close. The stock, the most heavily weighted of all companies on Wall Street, rose 2.9 percent.
On the other hand, department store chain Target pulled back, reporting higher profits but lower sales in its quarterly report than analysts had forecast. The company also lowered its profit forecast for the full year 2025. The stock fell 2.8 percent.
