Wall Street Sees a Turnaround

After initial setbacks, major stock exchanges in Wall Street have shown signs of recovery, trading higher on Wednesday. The change comes as the initial disappointment with the latest tech earnings begins to fade. Notably, Supermicro's announcement about the full production availability of its AI data center solutions, accelerated by the NVIDIA Blackwell platform, has positively impacted the shares of both companies.

Economic Indicators Show Slight Growth

In economic news, the US composite PMI, which includes both the manufacturing and services sectors, experienced a slight increase in January, signaling a modest growth in the economy.

Market Movements

By 12:12 pm ET, the Dow Jones had added 0.27%, while the Nasdaq 100 rose by 0.26%, and the S&P 500 gained 0.18%. Additionally, the euro saw a 0.35% increase against the dollar, trading at 1.04219 at 12:13 pm ET.