US Stocks Rise on Tech Gains Amid Steady Oil Prices

U.S. stocks rose on Wall Street as gains by big technology companies and relatively steady oil prices and bond yields helped lift the market after a downbeat start to the week.

The S&P 500 index increased 0.4%, putting it on pace to snap a three-day losing streak. The Dow Jones Industrial Average rose 209 points, or 0.4%, by 2:44 p.m. Eastern time. The Nasdaq composite was up 0.3%.

Technology and communication services stocks accounted for some of the strongest gains on Wednesday. Nvidia, a chipmaker with a large market value that tends to influence the broader market's direction, rose 3.3%. Micron Technology, a computer memory seller, gained 1.5%.

Meta added 2.2%, and Netflix rose 1.8%. Dell Technologies jumped 13% for the biggest gain among S&P 500 stocks after delivering strong second-quarter profits amid accelerating demand for artificial intelligence computing. The company also raised its fiscal year revenue outlook.