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Stocks traded higher on Wednesday as major technology shares rebounded from steep losses earlier this week.
The Dow Jones Industrial Average recovered 104.46 points to 24,507.10, led by gains in Boeing.
The S&P 500 recouped 15.94 points to 2,657.83, as the tech sector climbed 1%.
The NASDAQ regained 68.24 points, or 1%, to 6,977.06
Facebook shares rose more than 2%, while Amazon and Netflix also rose. Apple acquired 0.8%, and Alphabet climbed 1.5%.
These tech shares, which make up the popular "FAANG" trade, have been under pressure recently. Through Tuesday's close, they were all down more than 20% from their 52-week highs, officially in a bear market. The sharp decline in tech helped send the Dow, S&P 500 and Nasdaq all down at least 3% for the week.
In economic data, durable goods orders fell 4.4% in October, more than expected. It also marked the third decline in the past four months. Meanwhile, weekly jobless claims rose to a more than four-month high last week.
Prices for the benchmark for the 10-year U.S. Treasury were lower, raising yields to 3.07% from Tuesday’s 3.06%. Treasury prices and yields move in opposite directions
Oil prices ascended $1.16 to $54.59 U.S. a barrel.
Gold prices hiked $5.30 at $1,226.50 U.S. an ounce.
