Extending gains for the 2nd consecutive day, the US markets ended in green on Wednesday as market leader Nvidia reported better-than-expected fiscal fourth-quarter results, driven by 75% revenue growth in its core data center business. Traders took support with the Energy Information Administration (EIA) released a report showing a substantial rebound by U.S. crude oil inventories in the week ended February 20, 2026. The report said crude oil inventories spiked by 16.0 million barrels last week after tumbling by 9.0 million barrels in the previous week. The EIA said at 435.8 million barrels, U.S. crude oil inventories remain about 3 percent below the five-year average for this time of year.
On the sectorial front, Software stocks turned in some of the market’s best performances on the day, with the Dow Jones U.S. Software Index spiking by 3.1 percent. The index continued to regain ground after slumping to its lowest closing level in ten months on Monday amid easing AI disruption concerns.
Dow Jones Industrial Average added 307.65 points or 0.63 percent to 49,482.15, Nasdaq increased 288.39 points or 1.26 percent to 23,152.07 and S&P 500 rose 56.06 points or 0.81 percent to 6,946.13.
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