Wall Street ends higher, lifted by Uber, Lyft and Nvidia
The S&P 500 gained 47.45 points, or 0.96 per cent, to end at 5,000.62 points.
US Market Update: Wall Street ended higher on Wednesday (February 14) as ride-hailing platforms Lyft and Uber rallied, while Nvidia displaced Alphabet as the U.S. stock market's third most valuable company.
Nvidia overtook Alphabet's market capitalization ahead of the dominant AI chipmaker's quarterly results next week.
Uber surged to a record high, boosted by a $7 billion share buyback plan.
Lyft soared after its profit beat estimates and it said it would generate positive free cash flow for the first time in 2024.
Helping lift the S&P 500, Meta Platforms and Tesla both gained.
The S&P 500 gained 47.45 points, or 0.96 per cent, to end at 5,000.62 points, while the Nasdaq Composite gained 203.55 points, or 1.30 per cent, to 15,859.15. The Dow Jones Industrial Average rose 151.52 points, or 0.40 per cent, to 38,424.27.
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