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Stocks gained ground on Wall Street Wednesday following several upbeat economic updates and a steady flow of quarterly reports from U.S. companies.
The gains were broad and marked a reversal from the prior day’s dip. Much of the market’s push and pull came from the technology sector, where several companies with huge values have an outsized influence over the market.
Google’s parent, Alphabet, jumped 2.4%, Broadcom rose 2%, and Facebook parent Meta Platforms rose 1.4%. They helped lead the way higher for the broader market. Their gains also helped counter losses from a few technology behemoths, including Nvidia and Microsoft.
Overall The S&P 500 rose 24.74 points, or 0.4% to 6,796

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