All Three Major U.S. Indexes Rise…Nvidia Up 4% in After-Hours Trading [New York Stock Market Briefing]

Major indexes in the New York stock market all moved higher, as funds flowed into tech shares ahead of Nvidia’s earnings release.

On the 25th (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average rose 307.65 points (0.63%) from the previous session to close at 49,482.15. The Standard & Poor’s (S&P) 500 gained 56.06 points (0.81%) to 6,946.13, and the Nasdaq Composite jumped 288.4 points (1.26%) to finish at 23,152.08.

Ahead of Nvidia’s earnings announcement, artificial intelligence (AI) and semiconductor-related stocks drew attention. While bubble concerns over hyperscalers’ (operators of mega-scale data centers) AI capital spending have been raised consistently, expectations for earnings are seen as stronger.

All mega-cap technology companies with market capitalizations of $1 trillion or more posted gains. Nvidia rose more than 1%, and Microsoft—after a period of weakness—climbed 3%. Broadcom, Meta, and Tesla also advanced around 2%. The Philadelphia Semiconductor Index added 1.62%.

Software stocks also extended their uptrend. After Anthropic recently announced an update aimed at coexistence with software companies, bargain-hunting inflows have been emerging. Salesforce rose 3.41% ahead of its earnings release. ServiceNow gained 1.71%, and Adobe also added 1%.

As the software sector recovered, major private credit fund managers also continued to rise. Alternative asset managers such as Blue Owl had been hit by selloffs as loans to software companies deteriorated. Earlier, Blue Owl suspended redemptions for a data-center-related fund.

According to the CME FedWatch tool, the federal funds futures market priced in a 98% probability that the policy rate will be held steady through March. The Cboe Volatility Index (VIX) fell 1.62 points (8.29%) from the previous session to 17.93.

After the close, Nvidia said fourth-quarter (November 2025–January 2026) revenue totaled $68.13 billion, beating market expectations ($66.2 billion). Adjusted earnings per share (EPS) also came in at $1.62, slightly above the consensus estimate of $1.52. Nvidia shares at one point surged more than 4% in after-hours trading.

Jin Young-gi, Hankyung.com reporter young71@hankyung.com