Stocks rose Wednesday as November's broader market rally continued heading into the Thanksgiving holiday. The Dow Jones Industrial Average rose nearly 200 points, while the S&P 500 Index and Nasdaq Composite added about 0.4% and 0.5%, respectively.

Here's how the market settled on Wednesday:

S&P 500 Index (SPY  ): +0.41% or +18.42 points to 4,556.61

Dow Jones Industrial Average (DIA  ): +0.53% or +184.48 points to 35,272.77

Nasdaq Composite Index (QQQ  ): +0.46% or +65.88 points to 14,265.86

Taking the spotlight, Nvidia (NVDA  ) shares rose after the chipmaker reported fiscal third-quarter results that topped Wall Street expectations. However, the company warned that its expects next quarter to be negatively impacted by U.S. export restrictions to China and other countries.

"We expect that our sales to these destinations will decline significantly in the fourth quarter of fiscal 2024, though we believe the decline will be more than offset by strong growth in other regions," CFO Colette Kress said in a letter to shareholders.

In other earnings news, Deere & Co (DE  ) shares fell on Wednesday after the agricultural equipment maker posted weaker-than-expected guidance for its fiscal 2024. The company warned that high borrowing costs and tighter budgets will likely impact demand for new farm equipment amongst consumers.

"We experienced industry demand weaken much faster than expected in the second half of the year," CFO Joshua Jepsen said in a statement.

In economic news, consumer sentiment rose slightly higher-than-expected in November to a reading of 61.3, according to the University of Michigan's survey reading on Wednesday, but still came in below October's reading of 63.8.

"While this marks the fourth consecutive month of declines, November's reading reflects a balance of factors, some of which improved while others worsened," Surveys of Consumers director Joanne Hsu wrote in a statement.

"More-favorable current assessments and expectations of personal finances were offset by a notable deterioration in expected business conditions," Hsu added. "In particular, long-run business conditions plunged by 15% to its lowest since July 2022. Younger and middle-aged consumers exhibited strong declines in economic attitudes this month, while sentiment of those age 55 and older improved from October."

Separately, initial unemployment claims came in at a lower-than-expected 209,000 for the week ended Nov. 18, according to the Labor Department's report on Thursday, declining 24,000 from the previous week.

In single-stock news, Clorox (CVX  ) shares rose after JPMorgan analyst Andrea Teixeira upgraded shares to Neutral from Underweight and raised the firm's price target by $21 to $145 -- implying a 4.1% upside from Tuesday's close -- citing for potential upside to consensus expectations moving forward.

"We believe management talked down numbers to the point of upside risk to rebased Street estimates," Teixeira wrote in a note to clients on Wednesday.

Wall Street will be closed on Thursday, Nov. 23, for the U.S. Thanksgiving holiday. Markets will open again on Friday for a shortened trading day, ending at 1 p.m. ET.