Stock market today: Wall Street rises as easing yields in the bond market relax the pressure

NEW YORK — Wall Street is rising Wednesday as the pressure that's built on stocks recently from the bond market relaxed a bit.

Nvidia, another one of the market's most influential stocks, was 2.8% higher ahead of its profit report scheduled to come out after trading ends. It's a pivotal test for the entire stock market because it could show whether the frenzy around artificial-intelligence technology that's helped to lift Wall Street this year is deserved or overdone.

Nvidia and a just a handful of other companies were behind the majority of the S&P 500’s gains earlier this year. Many of those “Magnificent Seven” stocks were benefiting from the AI frenzy as well. “A near-stalling of business activity in August raises doubts over the strength of US economic growth in the third quarter,” said Chris Williamson, chief business economist at S&P Global Market Intelligence.

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Stock market today: Asian stocks follow Wall Street higher ahead of Federal Reserve conferenceBEIJING (AP) — Asian stocks followed Wall Street higher on Tuesday as traders waited for signs of interest rate plans from this week's Federal Reserve conference. Tokyo, Hong Kong and Seoul rose. Shanghai declined. Oil prices edged lower. Wall Street's benchmark S&P 500 index rose Monday for its first gain in five days as tech stocks rallied. Traders hope officials at the Fed's summer Jackson Hole, Wyoming, conference say they are finished raising interest rates that are at a two-decade high. Bu
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