Nvidia rebounded 3.2% to $122.38, Broadcom jumped 3.2% to $208.50, Meta Platforms advanced 1% to $665.63, and Alphabet Inc. gained 0.7% to $193.08. 

Boeing gained 6.3% to $186.50 despite the aviation company posting weak earnings in the fourth quarter.

Revenue plunged 31% to $15.24 billion from $22.02 billion; net loss widened to $3.86 billion from $30 million, and basic loss per share soared to $5.46 from 4 cents a year ago.

The company swung to negative operating cash flow of $3.45 billion from a positive $3.38 billion a year earlier, driven by fewer additions to property, plant, and equipment.

Nucor eased 0.2% to $121.97 after the steel manufacturer posted a sharp fall in earnings and revenue in the fourth quarter.

Net sales decreased 8% to $7.08 billion from $7.71 billion; net income declined to $287 million from $785 million, and earnings per diluted share fell to $1.22 from $3.16 a year ago.

The company shipped 6,058,000 tons of steel in the fourth quarter, a 2% increase from a year earlier.

For the full year 2024, Nucor returned $2.74 billion to shareholders in the form of stock repurchases and dividends.

Sanmina Corp added 1.8% to $79.90 after the integrated advanced chip manufacturing solutions company reported earnings for the fiscal first quarter 2025 ending in December.

Net sales increased to $2.01 billion from $1.87 billion; operating income rose to $88.6 million from $87.58 million, and earnings per diluted share jumped to $1.16 from 98 cents a year ago.

Net change in cash and cash equivalents swung to $16.54 million from negative $35.98 million a year earlier, driven by purchases of property and equipment.

Looking ahead to the second quarter, the company expects GAAP earnings per diluted share to range between $1.03 and $1.13.

Sysco Corp added 0.7% to $77.40 after the food and kitchen equipment provider posted fiscal second quarter 2025 earnings ending in December.

Sales increased 4.5% to $20.15 billion from $19.29 billion; operating income jumped 1.7% to $712 million from $700 million a year ago, and earnings per diluted share were flat at 82 cents a share.

Looking ahead, the company estimated full-year sales growth between 4% and 5% and adjusted earnings per share to increase between 6% and 7%.

Sysco expanded its stock repurchase plan for the year to $1.25 billion, up from its previous plan of $1 billion.