Stock Market Today – 2/2: Stocks End Higher as Nasdaq Gains on Google, AMD Boost

Updated at 4:10 EST

Stocks finished higher Wednesday, powered by better-than-expected tech sector earnings and fading bets of a big rate increase from the Federal Reserve.

The Dow Jones Industrial Average finished up 224 points, 0.63%, to 35,629, while the S&P 500 gained 0.94% and the tech-focused Nasdaq ended up 0.5%.

Google’s  (GOOGL) – Get Alphabet Inc. Class A Report blowout fourth quarter profits after the close of trading last night, alongside plans to split its $3,000 stock down to around $150 a share, coupled with a robust chip sector outlook from Advanced Micro Devices  (AMD) – Get Advanced Micro Devices, Inc. Report looks set to rip tech stocks higher Wednesday, clawing back losses from the sector’s worst January performance in more than a decade.

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