In a thrilling midday market update, stocks saw a modest uptick on Wednesday, propelled by impressive gains in the tech sector as the financial landscape looks to build on its significant recovery from last month's downturn.

The Dow Jones Industrial Average and S&P 500 edged higher, reporting increases of 0.1% and 0.2%, respectively, while the Nasdaq Composite charged ahead with a notable 0.7% gain. This week has kicked off strongly, fueled by the news that the U.S. and China have significantly reduced the hefty tariffs imposed between the two nations. On top of that, a recent government report revealed that inflation rates dipped to a four-year low in April, further boosting investor confidence.

The S&P 500 managed to reclaim positive territory for 2025 yesterday—marking its first return to the green since early March. As the day started, the Dow's year-to-date decline was a modest 1%, while the tech-heavy Nasdaq narrowed its losses to just 1.6%, rallying nearly 30% since hitting its annual low on April 7.

Tech giants are leading the charge today! Shares of Nvidia (NVDA), a frontrunner in AI chip manufacturing, have surged 3%, while electric vehicle pioneer Tesla (TSLA) enjoyed a solid 5% boost. Other notable players in the sector, such as Alphabet (GOOG), climbed 3.5%, as Microsoft (MSFT), Meta Platforms (META), and Broadcom (AVGO) also ticked upward. However, it wasn’t all good news—Apple (AAPL) and Amazon (AMZN) experienced slight declines.

Among the standout performers in the tech realm, Advanced Micro Devices (AMD) skyrocketed 5% after unveiling an exciting new $6 billion stock buyback program. Meanwhile, Super Micro Computer (SMCI) saw shares soar by an impressive 19% following a significant 16% bump the day prior, riding the coattails of its collaboration with Nvidia. Palantir (PLTR), a data analytics software company that hit a record high on Tuesday, continued its upward trajectory with a 1% increase this morning.

In the bond market, the yield on the 10-year Treasury note, a crucial factor affecting borrowing costs, reached 4.52%, slightly up from 4.50%—the highest it’s been in over two months. The U.S. dollar index, on the other hand, slipped by 0.2% to settle at 100.85.

In commodities news, gold futures dropped by 1.8%, now sitting at $3,190 an ounce, as the return of investor risk appetite led to a decline. West Texas Intermediate crude oil futures followed suit, retreating 1.1% to $62.95 per barrel.

Lastly, the cryptocurrency market saw Bitcoin sitting at $103,400, a slight decrease from around $105,000 just yesterday afternoon after it impressively sliced through the $100,000 mark last week for the first time since February.