11:59 AM EST, 02/26/2025 (MT Newswires) -- US equity indexes rose in midday trading Wednesday, with technology leading the sector charts ahead of Nvidia's ( NVDA ) quarterly earnings post-bell.

The Nasdaq Composite jumped 1.2% to 19,262.1, with the S&P 500 up 0.9% to 6,005.2 and the Dow Jones Industrial Average 0.4% higher at 43,788.4. All sectors except three, consumer staples, energy, and healthcare, advanced intraday. Technology led the gainers.

Nvidia's ( NVDA ) quarterly earnings are due post-bell Wednesday as investors look for continued validation of the so-called AI trade that has significantly underpinned the S&P 500 and the Nasdaq for several quarters. Shares traded up 4.2% intraday, advancing the most in the Dow.

Most US Treasury yields rose, with the two-year rate up 2.5 basis points to 4.12%. The 10-year yield was steady at 4.3%.

In economic news, US new-home sales fell to a 657,000 annual rate in January from an upwardly revised 734,000 rate in December, below the 680,000 rate expected in a survey compiled by Bloomberg. Home sales were down 1.1% from January 2024.

Mortgage applications fell by 1.2% in the week ended Feb. 21 as a more pessimistic view of the economy more than offset a drop in mortgage rates, according to Mortgage Bankers Association data released Wednesday. The drop follows a 6.6% slump in overall activity in the week ended Feb. 14.

West Texas Intermediate crude oil futures climbed 0.1% to $69.01 a barrel.