NEW YORK—Stocks climbed Thursday after a see-saw day on Wall Street to break out of their longest losing streak since December.
The S&P 500 rose 0.5 percent for its first gain in five days. The Dow Jones Industrial Average gained 108 points, or 0.3 percent, while the Nasdaq composite added 0.7 percent.
Tech stocks helped lead the way after Nvidia reported better results for the latest quarter than expected. Its shares jumped 14 percent after it also gave a forecast for upcoming revenue that topped some analysts’ expectations. It cited recovering strength in video gaming and demand for artificial intelligence products.
It’s a turnaround for tech and high-growth stocks, which have struggled recently because of worries about rising interest rates. They’re seen as some of the most vulnerable as the Federal Reserve jacks rates higher in hopes of stamping out inflation….