Tech Stocks Lead Wall Street Rally Amid Steady Oil Prices

Stocks on Wall Street rose on Wednesday as big technology companies led the way and oil prices held relatively steady.

The S&P 500 index climbed 0.5%, while the Dow Jones Industrial Average gained 0.6% and the Nasdaq composite increased by 0.5%.

Dell Technologies jumped 15.8% after reporting strong second-quarter profits, citing accelerating demand for artificial intelligence computing and raising its fiscal year revenue outlook.

Nvidia, a key player in the AI boom, rose 3.2%, and Micron Technology gained 2.4% as other big tech companies tied to the AI market rallied.