U.S. stocks rebound Wednesday, techs take the lead

Lola Evans
12 Nov 2026, 02:33 GMT+10

NEW YORK, New York - U.S. stocks closed higher on Wednesday, with the tech sector leading the way. Nvidia recovered some of its recent losses, prospects for the valuation of the Anthropic IPO rose, while CoreWeave surged on its third-quarter revenues and a sharply upgraded outlook for the full year.

"The sentiment bump coming from CoreWeave results and Anthropic IPO demand is helping the broader ecosystem," Ross Mayfield, investment strategist at Baird Private Wealth Management, told CNBC Wednesday. "Markets are continuing to unwind last week's overshoot to the downside with cleaner positioning now a tailwind and an attractive near-term valuation/earnings story in a lot of the AI stocks."

The Standard and Poor's 500 rose 98.45 points, or 1.31 percent, to close at 7,619.38 on volume of 2.638B. The index traded between 7,571.88 and 7,647.20 during the session, within a 52-week range of 6,316.91 to 7,844.52.

The Dow Jones Industrial Average added 253.29 points, or 0.48 percent, to settle at 52,485.18 on volume of 532.907M. It moved between 52,055.14 and 52,512.72, with a yearly range of 45,057.28 to 54,744.33.

The NASDAQ Composite posted the strongest gain of the session Wednesday, climbing 400.31 points, or 1.60 percent, to 25,466.19 on volume of 9.335B. The index ranged from 25,326.69 to 25,649.85 during the day, within a 52-week range of 20,690.25 to 27,722.75.

The rally was driven by strong gains in technology shares, which helped lift the Nasdaq and S&P 500 to their best levels of the day, while the Dow's more modest advance reflected a narrower spread of gains across its components.

U.S. dollar extends gains for second straight day Wednesday as Fed rate fears mount

The U.S. dollar rose against all major currencies on Wednesday, extending its rally into a second consecutive session as traders bet on rising inflation and the prospect of further Federal Reserve rate hikes.

The euro weakened against the greenback, with EUR-USD at 1.1092, a move of 0.64 percent. Sterling also slipped, with GBP-USD at 1.3277, down 0.50 percent.

The dollar was strongest against the Japanese yen, where USD-JPY stood at 159.83, a gain of 0.68 percent for the U.S. currency. It also advanced 0.95 percent against the Swiss franc, with USD-CHF at 0.8331.

Elsewhere on Wednesday, the dollar rose 0.42 percent versus the Canadian dollar, with USD-CAD at 1.4249, and added 0.23 percent against the Australian dollar, with AUD-USD at 0.6850.

Market participants pointed to expectations of further Fed tightening as the main drivers behind the dollar's broad strength, pressuring its major counterparts across the board.

Global markets close mostly higher Wednesday, with strong gains in Canada, the UK, Europe and Asia

World stock markets closed with a stronger bias on Wednesday, as Canadian, UK and European indices largely advanced, with particularly strong performances in Taipei and Seoul.

In Canada, the S&P/TSX Composite index rose 241.27 points, or 0.67 percent, to close at 36,411.72 on volume of 205.14M. It traded between 36,239.37 and 36,495.13, with a yearly range of 29,828.50 to 37,069.10.

In London, the FTSE 100 closed at 10,835.47, up 83.88 points or 0.78 percent, having traded between 10,751.67 and 10,842.10 during the session. The index's 52-week range stands at 9,423.90 to 10,989.50.

In Europe, the DAX P in Frankfurt rose to 26,662.77, gaining 315.32 points or 1.20 percent. It moved between 26,491.77 and 26,662.77, within a yearly range of 21,863.81 to 26,692.90.

The CAC 40 in Paris on Wednesday added 54.28 points or 0.66 percent to close at 8,332.87, after trading between 8,295.57 and 8,349.99. Its 52-week low and high were 7,505.27 and 8,755.03.

The EURO STOXX 50 I gained 65.52 points or 1.04 percent to settle at 6,393.39, ranging from 6,336.58 to 6,398.89 during the day. The index's yearly range was 5,376.81 to 6,577.20.

The Euronext 100 Index closed at 1,926.03, up 14.35 points or 0.75 percent, with a session range of 1,912.75 to 1,929.87 and a 52-week range of 1,658.14 to 1,984.60.

Buckling the European trend, the BEL 20 in Brussels slipped 4.55 points or 0.07 percent to 6,100.48. It traded between 6,079.73 and 6,127.70, within a yearly range of 4,774.82 to 6,144.44.

In Asia on Wednesday, In mainland China, the SSE Composite Index rose 16.92 points or 0.46 percent to 3,680.64 on volume of 362.335M, trading between 3,650.31 and 3,689.65. Its 52-week range was 3,574.27 to 4,258.86.

Japan's Nikkei 225 closed at 61,248.59, up 789.01 points or 1.31 percent, having traded between 60,318.08 and 61,390.79. Its yearly range was 48,235.30 to 72,831.73.

Going against the Asian trend, Hong Kong's HANG SENG INDEX fell 241.12 points or 0.98 percent to 24,315.92, after moving between 24,268.96 and 24,430.69. Its 52-week range was 22,518.00 to 28,056.10.

In Singapore, the STI Index rose 31.07 points or 0.59 percent to 5,289.66, trading between 5,257.31 and 5,317.23, with a yearly range of 4,459.83 to 5,828.50.

In Australia, the S&P/ASX 200 closed at 9,153.20, up 24.20 points or 0.27 percent, having ranged from 9,084.70 to 9,153.20. Its 52-week range was 8,262.40 to 9,296.70. The broader ALL ORDINARIES added 23.50 points or 0.25 percent to close at 9,291.30, between 9,220.70 and 9,291.30, within a yearly range of 8,454.90 to 9,474.80.

Across the Tasman, New Zealand's S&P/NZX 50 INDEX GROSS edged up 12.45 points or 0.09 percent to 14,179.86, having traded between 14,063.65 and 14,179.86. Its yearly range was 12,689.78 to 14,179.86.

In India, the S&P BSE SENSEX jumped 772.75 points or 0.95 percent to 81,879.40, after trading between 81,417.39 and 82,520.40. Its 52-week range was 71,292.88 to 86,159.02.

Indonesia's IDX COMPOSITE dipped 10.69 points or 0.21 percent to 5,115.04, ranging from 5,086.02 to 5,144.79 during the session. Its yearly range was 4,824.36 to 9,174.47.

In Malaysia on Wednesday, the FTSE Bursa Malaysia KLCI lost 8.88 points or 0.55 percent to close at 1,595.19, trading between 1,588.75 and 1,602.54. Its 52-week range was 1,588.75 to 1,771.25.

South Korea's KOSPI Composite Index surged 136.23 points or 2.60 percent to 5,375.36. Its 52-week high stood at 9,385.59.

In Taipei, Taiwan, the TSEC CAPITALIZATION WEIGHTED ST posted the session's strongest gain, climbing 1,545.23 points or 3.62 percent to 44,257.15, after trading between 42,708.05 and 44,257.15. Its yearly range was 26,395.98 to 49,968.92.

Markets were mixed in the Middle East on Wednesday. In Israel, the TA-125 declined 25.57 points or 0.64 percent to 3,952.00, ranging from 3,941.90 to 3,989.47, within a 52-week range of 3,357.51 to 4,588.51.

Egypt's EGX 30 Price Return Index added 17.00 points or 0.03 percent to close at 52,500.50 on volume of 254.788M. It traded between 52,027.30 and 52,774.40, which also marked its 52-week range.

In South Africa, the Top 40 USD Net TRI Index dropped 101.98 points or 1.47 percent to 6,835.47, after ranging from 6,821.23 to 6,998.15. Its yearly range was 6,120.39 to 8,184.71.