Stock market today: Nasdaq, S&P 500, Dow rise as Wall Street awaits Nvidia earnings

Market Overview - Stocks rebounded on Wednesday following a tech-led sell-off, with the Nasdaq Composite rising 1.4%, the S&P 500 increasing nearly 0.9%, and the Dow Jones Industrial Average adding 0.2% [1] Nvidia Earnings - Investors are anticipating Nvidia's third-quarter earnings, expected to influence the stock by up to 7% in either direction, marking a critical moment for the S&P 500 rally driven by AI growth optimism [2] Big Tech Spending Concerns - There are growing concerns regarding Big Tech's significant investments in AI, leading to declines as major investors offload shares. Companies like Amazon are increasing borrowing to support AI initiatives amid a potential halt in interest rate cuts by the Federal Reserve [3] Federal Reserve Insights - The upcoming release of Fed minutes is crucial for understanding economic conditions and future monetary policy, with traders divided on the likelihood of further rate cuts in December [4] Consumer Spending Indicators - Earnings reports from major retailers are expected to provide insights into US consumer spending as the holiday season approaches. Target has lowered its earnings outlook, indicating a weak holiday season, while Lowe's reported positive sales [5]