Stocks experienced a modest increase Wednesday morning, driven by gains in the tech sector, as the market aims to extend its rebound from last month’s lows. The Dow Jones Industrial Average and S&P 500 were up 0.2% and 0.1%, respectively, while the Nasdaq Composite added 0.4%. This follows a strong start to the week, fueled by news of reduced tariffs between the U.S. and China and a report indicating a four-year low in annual inflation for April. Shares of major tech companies were mostly higher in early trading. Nvidia (NVDA) and Tesla (TSLA), which each gained over 5% the previous day, were both up about 2%. Advanced Micro Devices (AMD) jumped 6% after announcing a $6 billion stock buyback program. Meanwhile, the yield on the 10-year Treasury note was at 4.49%, and the U.S. dollar index fell 0.2% to 100.78. Gold futures declined 1.8% to $3,190 an ounce, and West Texas Intermediate futures slipped 0.4% to $63.45 per barrel. Bitcoin was at $103,200, down from around $105,000 the previous afternoon. — new from Investopedia
