All three major indices were green in midday trading Wednesday as the S&P 500 and Nasdaq 100 looked to snap their four-day losing streaks. NVIDIA Corp. NVDA shares led the tech sector higher as investors anticipated the tech giant's quarterly earnings release after the closing bell. 

"Nvidia is the bellwether and market-darling stock that is of vital importance to the broader markets. Its performance provides meaningful guidance for the broader market tone. The importance for the tech sector cannot be understated," said SWBC chief investment officer Chris Brigati, per CNBC. 

Read Next: Tesla Competes Against Chinese Rivals ‘With One Hand Tied Behind Its Back’: Analyst

Mortgage rates fell further last week to 6.88%, according to the Mortgage Bankers Association and sales of new single-family homes in the U.S. dropped 10.5% from the previous month to 657,000 in January, below market expectations of 680,000, as tracked by Trading Economics. 

The yield on the U.S. 10-year Treasury note held around 4.3% Wednesday after declining for five sessions in a row. Investors awaited key economic data including the second estimate of fourth-quarter GDP growth on Thursday and the PCE price index report on Friday. The iShares 20+ Year Treasury Bond ETF TLT rose 0.14% to $91.55.

Bitcoin BTC/USD continued to trade below the $88,000 mark after U.S. spot Bitcoin ETFs saw record outflows of $1 billion on Tuesday, the largest daily net outflows since their inception. 

Wednesday’s Performance In Major U.S. Indices, ETFs

Major Indices	Price	1 day % chg.
Nasdaq 100	19,277.59	1.33%
S&P 500	6,005.86	0.85%
Dow Jones	43,759.51	0.32%
Russell 2000	2,192.06	1.01%

According to Benzinga Pro data:

• The SPDR S&P 500 ETF Trust SPY was up 0.71% at $598.45.  
• The SPDR Dow Jones Industrial Average DIA climbed 0.17% to $436.89.
• The tech-heavy Invesco QQQ Trust Series QQQ rose 1.08% to $518.87.  
• The iShares Russell 2000 ETF IWM was up 0.98% at $217.53.
• The Consumer Discretionary Select Sector SPDR Fund XLY was up 0.97% at $218.53.
• The Energy Select Sector SPDR Fund XLE slid 0.37% to $89.31.

Wednesday's Stock Movers

Shares of Super Micro Computer, Inc. SMCI soared Wednesday after the company submitted its long-delayed financial reports just under Tuesday’s Nasdaq-imposed deadline. SMCI had been under pressure after losing its previous auditor Ernst & Young and weaknesses in internal controls was discovered. The fresh audit from BDO confirmed the company’s numbers and also flagged governance issues.

Stocks reacting to company earnings reports included: 

• Lucid Group, Inc. LCID 
• AMC Entertainment, Inc. AMC 
• Workday, Inc. WDAY 
• Maplebear Inc. CART 
• First Solar, Inc. FSLR 
• Caesars Entertainment, Inc. CZR 
• Coupang, Inc.  CPNG 
• Intuit Inc. INTU 
• CAVA Group, Inc. CAVA 

Companies reporting after Wednesday's closing bell include: 

• NVIDIA Corp. NVDA
• IonQ, Inc. IONQ
• MARA Holdings, Inc. MARA
• Salesforce, Inc. CRM
• Snowflake, Inc. SNOW
• eBay, Inc. EBAY
• C3.ai, Inc. AI
• Joby Aviation, Inc. JOBY
• Virgin Galactic Holdings, Inc. SPCE
• Beyond Meat, Inc. BYND

Read More:

• First Solar Reports Mixed Q4 Results: EPS Miss, Revenues Beat, FY Net Bookings Of 4.4 Gigawatts

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