FX.co ★ US Stocks Rebound

On Wednesday, US stocks staged an effort to recover, with the S&P 500 and the Nasdaq both rising by nearly 0.2%, while the Dow Jones increased by 45 points, interrupting the steep downturn experienced in recent sessions. The communication services sector led the gains, in contrast to energy, which fell behind due to a decline in oil prices. Nvidia saw a 1.7% uptick as investors anticipated its earnings report post-market close, considered an important indicator for the tech industry. Lowe's surged over 4% following its earnings beat, and TJX Companies climbed 1% as both its earnings and revenue exceeded projections. Conversely, Meta declined by 1.4% following its cautionary statement about significant hurdles in pinpointing and removing underage users to comply with Australia's pioneering social media restriction for individuals under 16. Target's shares showed minimal movement after announcing a decrease in quarterly sales and revising down its full-year profit forecast. Exxon Mobil experienced a drop of more than 2%. Additionally, traders are keenly awaiting the release of the Federal Open Market Committee (FOMC) meeting minutes.