Stocks rose Wednesday morning after the release of an encouraging reading on consumer prices, as the market looks to recover from a steep downturn to start the week amid uncertainty about the health of the economy.
The S&P 500 and tech-heavy Nasdaq were up 0.7% and 1.6% about 30 minutes after the opening bell, while the Dow Jones Industrial Average was down 0.2% after giving up early gains. U.S. stocks have fallen sharply the past two days—after major indexes turned in their worst weekly performances of the year last week—as investor concerns have grown about the impact of policies coming out of the Trump White House, notably tariffs, and the possibility that the economy could be headed toward a recession.
The major indexes have all dropped below their pre-election levels as the optimism that followed Trump’s election in early November, sending stocks to a series of record highs, has faded in recent weeks. Coming into Wednesday’s session, the S&P 500 was down 9.3% from its record closing high set just three weeks ago, while the Nasdaq Composite had tumbled nearly 14% from its December all-time high.
This morning’s Consumer Price Index report showed that annual inflation fell to 2.8% in February, down from 3% the month before and slightly below economists’ expectations. A moderation in price increases boosts hopes that the Federal Reserve could be in a position to cut interest rates in the coming months, but the decline wasn’t significant enough to add to worries about a big slowdown in economic growth.
The yield on the 10-year Treasury note, which has trended lower in recent weeks as concerns about the economy have grown, was at 4.31% this morning, up from yesterday’s closing level of 4.29%. The yield, which affects borrowing costs on all sorts of loans, notably mortgages, was trading below 4.20% on Monday.
Technology stocks, which have been among the hardest hit during the recent sell-off, were the big gainers in early trading Wednesday. EV maker Tesla (TSLA), which has lost about half its market value since hitting a record high in mid-December, was up 8.5%, while chipmakers Nvidia (NVDA) and Broadcom (AVGO) jumped 6.5% and 5%, respectively. Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOG) and Meta Platforms (META) also advanced.
Intel (INTC) was up 6% following a report that Taiwan Semiconductor Manufacturing Company (TSM) has approached Nvidia, Broadcom and Advanced Micro Devices (AMD) about forming a joint venture to own and run the beleaguered U.S. chipmaker’s foundry division. TSMC and AMD were both up about 3% in recent trading.
Shares of server maker Super Micro Computer (SMCI) were up 8%, after surging 11% yesterday, while analytics software provider Palantir (PLTR) and advertising platform AppLovin (APP), two AI investor favorites that have fallen sharply during the recent slump, each rose more than 6%
Bitcoin was trading at $82,900, up from an overnight low of $81,300. The digital currency dropped to its lowest level since November on Tuesday, at around $76,600.
Gold futures were holding steady at $2,920 an ounce, while West Texas intermediate futures, the U.S. crude oil benchmark, rose 1.4% to $67.15 per barrel.
What Analysts Think of Adobe Ahead of Earnings
13 minutes ago
Adobe (ADBE) is scheduled to report fiscal 2025 first-quarter results after the closing bell Wednesday, with analysts mostly bullish leading into the report and next week’s Adobe Summit.
Of the 17 analysts covering the stock tracked by Visible Alpha, 10 have issued “buy” or equivalent ratings, with six giving a “hold” rating and one a “sell” rating. Their consensus price target is around $551. Adobe shares were up 0.9% at $437.50 in early trading Wednesday.
The Creative Cloud developer is expected to report adjusted earnings per share (EPS) that rose 11% year-over-year to $4.97 on revenue that rose 9% to $5.66 billion.3
The results come ahead of next week’s Adobe Summit, which analysts at RBC Capital Markets said could be the more informative event, particularly in terms of updates on generative artificial intelligence (AI) metrics. The analysts lowered their price target to $550 from $590 but maintained an “outperform” rating.
Firefly, Adobe’s generative AI platform, released a video model in February, which Stifel analysts called “a step forward in firming up its monetization strategy.” Stifel affirmed a $600 price target and “buy” rating.
TradingView
Shares of Adobe have shed about a quarter of their value over the past 12 months, significantly lagging the performance of the Nasdaq Composite.
Intel Jumps as TSMC Eyes Foundry Stake With Nvidia, Others
1 hr 24 min ago
Shares of Intel (INTC) jumped in premarket trading Wednesday following a report that Taiwan Semiconductor Manufacturing Company (TSM) has approached U.S. chip designers Nvidia (NVDA), Advanced Micro Devices (AMD), and Broadcom (AVGO) about forming a joint venture to own and run the U.S. chipmaker’s foundry division.
“Qualcomm (QCOM) has also been pitched by TSMC, according to one of the sources and a separate source,” said the report, which cited “four sources familiar with the matter.”
According to Reuters, TSMC, the world’s largest contract chipmaker, has floated running the foundry division, which makes custom chips for other companies. The report, which noted that the talks are at an early stage, said TSMC wouldn’t own more than 50% of the JV.
Reuters added that the Trump administration has asked TSMC for help in turning around Intel. Intel’s foundry business has been in the spotlight as a potential beneficiary of the Trump administration’s stated goal of ensuring artificial intelligence chips are designed and manufactured domestically.
Intel, TSMC, Nvidia, AMD, Broadcom, and Qualcomm didn’t immediately respond to Investopedia requests for comment.
Intel shares were up nearly 6% in premarket trading. The stock has lost about 55% of its value in the past 12 months entering Wednesday.
Nvidia shares were up about 4.5% this morning, while Broadcom and AMD were both up about 3% and TSM added 2%.
Supermicro Levels to Watch as Stock’s Wild Ride Continues
1 hr 53 min ago
Super Micro Computer (SMCI) shares are gaining ground this morning after surging 11% yesterday as investors sought buying opportunities in leading AI stocks after a dramatic sell-off to start the week.
After breaking out from a falling wedge pattern in early February, Supermicro shares staged a strong rally above the 200-day moving average (MA) before retracing to the 50-day MA.
More recently, the stock broke out from a pennant pattern in Tuesday’s trading session on the highest volume in a week, potentially setting the stage for further gains.
Meanwhile, the relative strength index (RSI) confirms improving price momentum, with the indicator moving back above the key 50 threshold.
Investors should monitor key overhead areas on Supermicro’s chart near $48, $63, and $75, while also eyeing crucial support levels near $38 and $26.
Supermicro shares were up nearly 4% at around $42.50 in recent premarket trading.
Read the full technical analysis piece here.
Major Stock Index Futures Rise
2 hr 14 min ago
Futures tied to the Dow Jones Industrial Average were up 0.6%.
TradingView
S&P 500 futures were up 0.8%.
TradingView
Nasdaq 100 futures rose 0.9%.
TradingView
![i’m-nervous,-too!-[part-2]](https://10xwealthreport.com/wp-content/uploads/2026/03/177042-im-nervous-too-part-2-1568x784.jpg)
