Wall Street Sees a Turnaround

After a shaky start, major stock exchanges on Wall Street managed to reverse earlier losses and trade higher by Wednesday afternoon. The initial disappointment with the latest tech earnings reports began to fade, contributing to the market's recovery.

Tech Sector Gets a Boost

Significant news came from Supermicro, which announced the full production availability of its end-to-end AI data center Building Block Solutions, accelerated by the NVIDIA Blackwell platform. This announcement positively impacted the shares of both companies.

Positive Data from the US

In other news, the US composite PMI, which includes both the manufacturing and services sectors, showed a slight growth in January, adding to the positive sentiment on the market.

By 12:12 pm ET, the Dow Jones had added 0.27%, while the Nasdaq 100 and the S&P 500 saw increases of 0.26% and 0.18%, respectively. Additionally, the euro strengthened against the dollar, trading 0.35% higher at 12:13 pm ET, with a rate of 1.04219.