At 11:36 am ET, the Dow Jones Industrial Average was up 32.42 points, or 0.09 per cent, at 37,557.58, the S&P 500 was up 6.87 points, or 0.14 per cent, at 4,763.37, and the Nasdaq Composite was up 39.59 points, or 0.27 per cent, at 14,897.30.
Megacap stocks Microsoft, Alphabet and Amazon.com rose between 0.4 per cent and 1.4 per cent.
Nvidia climbed 2.1 per cent to hit a record high after TSMC beat fourth quarter earnings.
The Dow Jones Industrial Average rose 27.75 points, or 0.07 per cent, at the open to 37,552.91. The S&P 500 opened higher by 3.44 points, or 0.07 per cent, at 4,759.94. The Nasdaq Composite gained 19.99 points, or 0.13 per cent, to 14,877.70 at the opening bell.
On Tuesday, the Dow Jones Industrial Average fell 157.85 points, or 0.42 per cent, to 37,525.16. The S&P 500 lost 7.04 points, or 0.15 per cent, at 4,756.50. The Nasdaq Composite gained 13.94 points, or 0.09 per cent, at 14,857.71.
The yield on the 10-year Treasury slipped a bit on Wednesday to 4.00% from 4.02% late Tuesday.
The US dollar was flat as investors awaited. inflation data. The dollar index, which measures the US currency against six peers, flattened at 102.49, after gaining 0.215 per cent on Tuesday.
European stock markets fell on Wednesday with the Stoxx 600 index dropping 0.17 per cent.
Britain’s FTSE 100 edged down 0.4 per cent at 7,651.76 points. France’s CAC 40 closed flat at 7,426.08. Germany’s DAX ended flat at 16,689.81.
In Asia, Hong Kong’s Hang Seng Index fell 0.5 per cent at 16,097.28. China’s Shanghai Composite lost 0.5 per cent at 2,877.70.
Japan’s Nikkei 225 climbed 2 per cent at 34,441.72.
South Korea’s Kospi shed 0.8 per cent to 2,541.98. Australia’s S&P/ASX 200 slipped 0.7 per cent to 7,468.50.
Oil prices gained on Wednesday for second day in a row on Middle East crude supply concerns arising from the Israel-Hamas war.
Brent crude futures were up 38 cents, or 0.5 per cent, to $77.97 per barrel at 1259 GMT. US West Texas Intermediate crude futures added 32 cents, or 0.4 per cent, to $72.56.
Gold prices edged up on Wednesday, on weaker US dollar.
Spot gold gained 0.2 per cent to $2,033.90 per ounce, as of 1148 GMT. US gold futures rose 0.3 per cent to $2,040.00 per ounce.
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Published: 10 Jan 2024, 08:20 PM IST