Major stock exchanges on Wall Street pared previous losses, trading higher on Wednesday as the initial dissatisfaction with latest tech earnings dissipated. Earlier today, Supermicro announced a "full production availability of its end-to-end AI data center Building Block Solutions accelerated by the NVIDIA Blackwell platform," sending both of the companies' shares up.
Meanwhile, over in data, the US composite PMI, which encompasses both the manufacturing and the services sector, saw slight growth in January.
The Dow Jones added 0.27% at 12:12 pm ET. At the same time, the Nasdaq 100 rose 0.26% and the S&P 500 gained 0.18%.
The euro traded 0.35% higher against the dollar at 12:13 pm ET, going for 1.04219.
