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The S&P 500 moved higher on Wednesday as oil prices fell, with investors looking ahead to the release of Micron Technology’s earnings after the bell.
The Dow Jones Industrials sprang 524.65 points, or 1%, to 52,191.49.
The much broader index regained 51.41 points to 7,416.87.
The NASDAQ gained 200.88 points to 25,787.92.
Energy names took a hit as well. Shares of Exxon Mobil, Chevron and ConocoPhillips each declined more than 2%, while SLB dropped more than 3%.
Meanwhile, shares of Micron traded down more than 1%, as did fellow memory stock Sandisk. The two tumbled 13% in the previous session.
Micron will report its latest earnings after the market closes on Wednesday. Analysts polled by FactSet see earnings of $20.83 per share on revenue of $35.75 billion.
Micron has had an astronomical run in 2026, with shares hitting a new all-time high on Monday and ending Tuesday at $1,051.77 per share. But one analyst warned the stock could fall after the earnings report.
Prices for the 10-year Treasury bounced, lowering yields to 4.41% from Monday’s 4.49%. Treasury prices and yields move in opposite directions.
Oil prices sank $2.89 to $70.32 U.S. a barrel.
Gold prices dropped $129.60 to $4,019.80. U.S. an ounce.
