Rise in Technology Stocks in the U.S.

After several weeks of declines, many technology stocks in the United States experienced a rebound on Wednesday, with additional stocks also showing positive movement. The tech-heavy Nasdaq index closed up by 1.2%, recovering some of its recent losses. Over the past month, the Nasdaq has seen a decline of 10.2%, yet it remains 9.1% higher compared to the same time last year.

The broader S&P 500 index also saw gains, increasing by 0.5% on Wednesday. Over the past year, the S&P 500 has risen by 8.4%, although it has faced a 7.5% drop in the last month. In contrast, the Dow Jones index experienced a slight decrease of 0.2% on Wednesday, with an overall increase of just 5.9% over the past year.

Among the notable performers on the stock market were Tesla and Nvidia. Tesla, led by Elon Musk, has seen its stock value more than halve since mid-December, but it rose by 7.6% on Wednesday. Meanwhile, Nvidia's stock has dropped by 13.8% year-to-date, yet it gained 6.4% on the same day.