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US stock indexes rebound as technology shares lift markets

Major indexes closed higher on Wednesday, buoyed by tech gains, steady bond yields, and oil price movements.

The short version

  • Major U.S. stock indexes advanced on Wednesday, driven by strong performance in technology stocks such as Nvidia.
  • The Dow Jones Industrial Average, S&P 500, Nasdaq composite, and Russell 2000 all posted gains, recovering part of the week's earlier losses.
  • Crude oil prices ticked upward amid ongoing Middle East conflict, while Treasury yields held relatively steady.

Key facts

  • The Dow Jones Industrial Average gained 295.07 points, or 0.6%, to finish at 53,061.95.[ABC News]
  • The S&P 500 rose 35.13 points, or 0.5%, to 7,666.60, while the Nasdaq composite added 118.05 points, or 0.5%, to reach 26,217.83.[ABC News]
  • The Russell 2000 index of smaller companies climbed 33.03 points, or 1.1%, closing at 2,953.17.[ABC News]
  • Nvidia shares rose by more than 3% during the trading session.[ABC News]
  • Brent crude settled 1% higher at $95.63 per barrel amid ongoing tensions involving Iran.[ABC News]
  • The 10-year Treasury yield dipped slightly to 4.78% from 4.79% late Tuesday.[ABC News]

Sources