Amgen and NVIDIA Boost Dow Jones, Propelling Index into Positive Territory

The Dow Jones Industrial Average (DJIA) saw a notable increase of 148 points (0.3%) Wednesday morning, thanks in large part to strong performances from Amgen Inc. (AMGN) and NVIDIA Corp. (NVDA). Their combined growth contributed approximately 128 points to the index’s rally, with both stocks experiencing impressive gains.

Amgen Leads with a 5.3% Surge

Shares of Amgen jumped by $15.38 (5.3%), reflecting investor optimism in the biotech sector. Amgen’s strong performance was propelled by favorable market sentiment toward healthcare stocks, as the company continues to focus on innovative treatments and biopharmaceutical advancements.

NVIDIA Up 4.6%, Driven by AI and Chip Demand

NVIDIA Corp., a leader in the semiconductor and AI industries, rose by $5.47 (4.6%). With ongoing high demand for GPUs and AI-driven technology, NVIDIA remains a key player in the AI revolution and data center growth. Investors are betting on the company’s long-term growth, cementing its role as a critical tech stock.

Boeing and Goldman Sachs Also Contribute to Dow’s Rally

Besides Amgen and NVIDIA, Boeing and Goldman Sachs have also played a significant role in the DJIA’s rise, providing additional support to the index’s upward movement. As a result, the Dow Jones remains in positive territory, reflecting broader optimism across key market sectors.

As the Dow continues to move higher, investors remain focused on the performance of these top stocks and how their success may influence future market trends.