Nasdaq 100 and S&P500: Tech Stocks Rebound Today, Nvidia and Energy Sector Lead Gains

Tech Rebound Lifts Stocks Midday as Yields Climb and Traders Brace for Earnings

U.S. equities edged higher at the mid-session Wednesday, led by a rebound in tech stocks that steadied following Tuesday’s sell-off. The S&P 500 gained 0.47%, the Nasdaq rose 0.76%, and the Dow added 0.10% as investor attention turned to upcoming earnings and macroeconomic signals. A stronger-than-expected ADP private payrolls report briefly lifted Treasury yields, but did little to shift expectations for a December Fed rate cut.

Is the Tech Bounce Enough to Rebuild Momentum?

Large-cap tech names rebounded after sharp losses Tuesday, with Nvidia up 0.7% and Broadcom gaining 3.2%. The information technology sector climbed 0.7%. AMD traded flat after initially sliding despite its upbeat forecast.

Super Micro Computer, however, tumbled 7.7% following disappointing results, while Johnson Controls led the S&P 500 after forecasting better-than-expected 2026 profits.

Investor momentum in large-cap names “remains intact” despite valuation concerns, according to SoFi’s Liz Young Thomas. Still, traders are watching cautiously after Goldman Sachs and Morgan Stanley CEOs issued cautious commentary and AI hardware names offered soft guidance—factors that raise near-term downside risk for speculative growth sectors.

What’s Driving Sector Action Today?

Energy rose 1.01% with stable oil prices, while communication services led gains at 1.44%. Materials, industrials, and consumer discretionary also advanced. In contrast, consumer staples and real estate traded lower.

Financials were mixed, with Bank of America down 2.9% despite raising profitability targets. McDonald’s gained 3.3% after beating global comparable sales estimates, while Humana fell 9.5% on earnings. Eli Lilly rose 2.6% as rival Novo Nordisk lowered its forecast.

Are Treasury Yields Signaling a Shift in Sentiment?

Bond yields climbed after stronger-than-expected data, with the 10-year Treasury yield moving above 4.15%, up over 6 basis points. The ISM services index rose to 52.4 in October, and ADP’s report showed private payrolls rising by 42,000, reversing the previous month’s drop.

While economic data pointed to resilience, traders remained cautious. “The delay between job cuts from big firms like Meta and UPS likely hasn’t filtered into the data yet,” said John Luke Tyner of Aptus Capital Advisors. Broader clarity is expected once the government reopens, as the shutdown hit a record 36 days.

What’s on Tap After the Bell?

Earnings remain the central focus into the close. Qualcomm, Arm Holdings, and Robinhood are all scheduled to report after the bell. With market internals still fragile and Treasury yields ticking higher, traders are watching closely for any signs of margin pressure, weak guidance, or further repricing in high-multiple sectors.

Bitcoin’s retreat from the $100,000 level, combined with tariff-related developments at the Supreme Court and ongoing trade disputes, add to the cautious tone. Traders should remain alert for surprises in both corporate results and macro headlines through the remainder of the session.

More Information in our Economic Calendar.