Stocks Rally as Major Companies Report Gains

The U.S. stock market has experienced notable movements, with the Nasdaq Composite rising 2.45%, the S&P 500 climbing 1.8%, and the Dow Jones Industrial Average increasing by 1.65%. Quantum Computing Inc. saw a significant surge of 55.45% to close at $11.55, driven by excitement surrounding NVIDIA's upcoming quantum event and Microsoft's strategy for quantum business solutions. In other trading highlights, JPMorgan Chase reported strong earnings, leading to a 1% increase in its shares, while Wells Fargo and Citigroup also exceeded earnings expectations, with their shares rising by 3.2% and over 3%, respectively. Additionally, KB Home's shares jumped by more than 9% following better-than-expected earnings, contrasting with Signet Jewelers, which fell 16% after a lowered sales forecast. The pre-market trading also revealed significant gains for several stocks, including Powell Max Limited and Sezzle Inc., both experiencing substantial increases in their share prices. Overall, the market reflects a mix of optimism in some sectors while facing challenges in others.