NEW YORK (AP) — Stocks are climbing on Wednesday following strong profit reports from some of the world’s biggest names in banking and technology.

The S&P 500 rose 0.9%, coming off a roller-coaster day where it careened between a sharp loss and modest gain. The Dow Jones Industrial Average was up 320 points, or 0.7%, as of 10 a.m. Eastern time, and the Nasdaq composite was 1.1% higher.

Tech stocks helped lead the way thanks in part to a profit report from ASML, which is a major supplier to the semiconductor industry. The Dutch company said it expects its revenue for 2025 to be 15% above last year’s, while next year’s should be at least as high as this year’s.

“On the market side, we have seen continued positive momentum around investments in AI,” CEO Christophe Fouquet said, “and have a

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