Tech Stocks Boost Market as Oil Prices Hold Steady
U.S. stocks rebounded on Wednesday, snapping a three-day losing streak as tech companies led the charge.
The S&P 500 index rose 0.5%, with Dell Technologies leading the pack at 15.8% after reporting strong second-quarter profits and citing accelerating demand for artificial intelligence computing.
Oil prices held relatively steady, despite rising tensions in the Middle East, while bond yields remained calm, giving investors a breather from recent volatility.