The  hovered near the flatline on Wednesday as Wall Street digested a strong start to the week that pushed the benchmark S&P 500 into the green for the year.

The market index inched up 0.02%, while the gained 0.4%. The fell 104 points, or 0.2%.

Technology stocks outperformed. Shares of advanced more than 3%, following news that it would send Saudi Arabia 18,000 of its top artificial intelligence chips. Peer chip stock also rose more than 5% on the back of a .

Week to date, the S&P 500 and Dow are up more than 4% and 1%, respectively. The Nasdaq has soared more than 6%.

This week's pop also put the S&P 500 in positive territory for the year. At one point, the S&P 500 was more than 20% below its record high set in February. Since hitting that April 7 intraday low, the benchmark is up more than 21%.

Risk appetite grew this week after the U.S. and China temporarily slashed tariffs on a wide array of goods. The U.S. reduced tariffs on China to 30% earlier this week, while China lowered its own levies to 10% on U.S. imports. Both nations had threatened in April to impose tariffs above 100% on the other.

"While this progress has led to a likely peak in investor fear and policy uncertainty, there are still a lot of unknowns over where tariff rates will ultimately land," said Adam Turnquist, chief technical strategist at LPL Financial. "However, for now, investors have embraced the de-escalatory backdrop, especially the tariff reprieve deal reached with China over the weekend."

The tentative agreement between the world's biggest economies has led investors to hope it will eventually yield a more concrete trade agreement. China and the U.S. have not yet agreed to specific terms for a deal, however, and Trump said this week that a final agreement wouldn't happen quickly.

"The next leg higher will have to wait for policy initiatives that could provide tailwinds into 2026, including deregulation and a pro-growth tax bill," said Daniel Skelly, head of wealth management market research and strategy at Morgan Stanley. "But for now, investors may want to lean toward buying dips rather than chasing rallies, focusing on quality stocks with achievable earnings estimates."

Tesla technical indicators raise red flags that stock faces pressure, S3 Partners says

Several technical indicators that track trading in stock are raising red flags that suggest "concerns about near-term price pressure," according to a note published Wednesday by S3 Partners, a firm that specializes in tracking short interest activity.

Tesla's relative strength index has topped 70 and its share price has moved above the upper Bollinger Band, both of which are "flashing overbought technical signals," according to S3's Matthew Unterman. The number of Tesla shares sold short in anticipation of future declines remains stable, "but is positioned for a potential breakout above 3% of float."

Tesla last rose above an RSI of 70 in December, shortly before a "trend reversal" that drove the stock lower in the first quarter, S3 said. "Tesla may be approaching a tactical inflection point. If short interest breaks higher, the setup favors increased selling pressure and a potential near-term pullback."

— Scott Schnipper

Oklo, eToro, Super Micro among the stocks making moves midday

Some stocks are making big moves in midday trading Wednesday:

•  — Shares soared more than 16% on the heels of the nuclear startup's narrower-than-anticipated loss for the first quarter. Oklo posted a loss of 7 cents per share for the period compared to the loss of 11 cents per share analysts polled by FactSet had expected.
•  — Shares soared as the trading platform , opening at $69.69. The stock quickly added to that and was last above $72 per share, up roughly 27% from where the initial public offering was priced at — $52.
•  — The server maker's stock surged 17%, extending the 16% gain it saw in the previous session. Earlier this week, Raymond James  with an outperform rating, saying artificial intelligence projects are "a long-term secular driver."

Read for the full list.

— Sean Conlon

eToro opens for trading, up 40%

Shares of trading platform eToro soared in its Nasdaq debut, . The stock quickly added to that and was last above $72 per share, up roughly 40% from where the initial public offering was priced at — $52.

— Fred Imbert

Boeing shares rise following Qatar deal

shares popped more than 2% on Wednesday after the White House announced the plane maker struck its "largest-ever" order of the popular 787 jet with Qatar Airways.

The company, along with , inked a $96 billion deal to sell the airline up to 210 aircrafts, according to the White House. In addition to the 787 Dreamliner, the agreement also includes 777X models.

With Wednesday's advance, Boeing shares have gained more than 17% in 2025.

— Alex Harring, Kevin Breuninger

Septerna shares spike 55% on Novo Nordisk partnership

's decision to partner with on weight loss drug development has sent the clinical stage biotech's stock soaring. In trading late Wednesday morning, Septerna's stock has gained 55%, while Novo's shares were down more than 1%.

The two companies will be working together to develop small-molecule therapies involving G protein-coupled receptors that are often eyed in weight loss treatments. These include GLP-1, GIP and glucagon receptors.

Septerna, which has a market value of less than $500 million, has seen its stock fall more than 55% year to date.

— Christina Cheddar Berk

Super Micro Computer soars for second straight session

Shares of skyrocketed more than 17% on Wednesday, building on a roughly 43% advance so far this week.

On Tuesday, shares surged 16% following news that the company has solidified a $20 billion deal with Saudi Arabian data center firm DataVolt, per a .

— Brian Evans, Nicholas Wells

Stock market breadth is weak in early trading

The majority of U.S. stocks were falling Wednesday morning as the major indexes struggled to hold on to early gains.

On the New York Stock Exchange, declining stocks outnumbered advancing ones 1,552 to 921, according to FactSet. The Nasdaq had a similar ratio of advancers to decliners.

Meanwhile, 20 of the 30 Dow stocks were also in the red in morning trading.

— Jesse Pound

AMD soars after board of directors approves buyback

Shares of Advanced Micro Devices added more than 7% on Wednesday, after the company's board of directors approved a

"Our expanded share repurchase program reflects the Board's confidence in AMD's strategic direction, growth prospects, and ability to consistently generate strong free cash flow," CEO Lisa Su said in a statement.

— Brian Evans

Stocks open higher

Stocks opened higher on Wednesday, with investors continuing to add to this week's already-strong start for U.S. equities.

The S&P 500 added 0.2%, while the Nasdaq Composite gained 0.6%. The Dow Jones Industrial Average climbed 79 points, or 0.1%.

— Brian Evans

Bull market is 'alive and well,' says BMO

U.S. equities are still in healthy fundamental shape despite concerns tied to tariffs and high valuations, according to BMO Capital Markets.

"Our conclusions have not changed — we continue to believe that the ongoing 25-year secular bull market in US stocks is alive and well," BMO chief investment strategist Brian Belski wrote in a Wednesday note. "Evidence? Look no further than the ferocity of the price recovery in US stocks, especially coinciding with the perception — yes, perception that the exogenous news flow (calling it what it is) regarding tariffs and the "potential" coast becoming much "clearer" has generated."

"Demand for US stocks is and should be robust — period. Why? The best assets tend to receive the best reward and appreciate accordingly," he added.

— Brian Evans

The rebound in technology stocks has more room to run, says UBS

While uncertainty over Trump's tariffs and the implication for semiconductors will likely linger, UBS says technology stocks could still have more room to run after the latest rebound.

"[W]ith global tech's valuation still reasonable, we think the risk-reward remains attractive and believe investors should continue to position for an ongoing recovery in quality AI names globally," UBS global wealth management chief investment officer Mark Haefele wrote in a Wednesday note.

"Uncertainty still abounds. Whether a lasting agreement can emerge from the 90-day trade truce remains to be seen, and risks around potential semiconductor tariffs still hold," he cautioned. "Increased costs from supply chain relocations could pose challenges to tech companies, while details of Trump's overhaul of the artificial intelligence (AI) diffusion rule introduced by former President Joe Biden remain to be seen."

— Brian Evans

Omnicell pops on Wells Fargo upgrade

shares advanced more than 3% before the bell on Wednesday following Wells Fargo's bullish call.

Analyst Stan Berenshteyn upgraded shares of the health-care product provider to overweight from equal weight. Berenshteyn also lifted his price target by $4 to $35, which suggests 25% upside from Tuesday's close.

"While OMCL faces bookings & tariff pressures, 2025 may be a 'max pain' year as trade deals and strengthening robot demand … could be positive catalysts for 2026," Berenshteyn wrote in a note to clients.

Omnicell's premarket advance following the upgrade comes amid a rough patch for the stock. Shares have tumbled more than 37% in 2025, on track for their third negative year of the last four.

— Alex Harring

BofA downgrades UnitedHealth after company suspends full-year outlook

to neutral from buy after the health insurance giant suspended its full-year guidance.

"UNH still expects to return to EPS growth in 2026 and to return [Medicare Advantage] to 3-5% margins, which may come with flat/negative MA member growth in order to restore margin as they prepare for their bid strategy in the coming weeks," analyst Joanna Gajuk wrote.

"We view the decision to pull the 2025 guide as a combination of uncertainty around the prevalence and persistence of the higher utilization as well as giving the incoming CEO additional time to become comfortable around the 2025 guidance he is now responsible for," she added.

fell more than 17% on Tuesday, its worst day in nearly a month.

— Fred Imbert

European stocks move lower

It is 8:41 a.m. in London, and regional stocks are slightly lower following mixed trade immediately after the opening bell.

The Stoxx Europe 600 index is down 0.1%, inching lower from a 0.1% rise. Sectors and major bourses are currently in mixed territory, with France's leading losses on a drop of around 0.4%.

— Chloe Taylor

Trading platform eToro prices IPO at $52 a share

Stock and crypto trading platform eToro has priced its shares at $52 apiece for its initial public offering.

The company, which is expected to debut on the Nasdaq under the ticker ETOR, originally planned to sell its shares in a range between $46 and $50 each.

Though eToro had previously filed for an IPO in March, it set those plans aside amid tariff uncertainty.

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— Darla Mercado

Fintech player Chime files paperwork for initial public offering

Chime, a San Francisco-based fintech firm, Tuesday to go public on the Nasdaq.

The company expects to list its shares under the symbol "CHYM."

While the company itself is not a bank, it works with The Bancorp Bank N.A. and Stride Bank N.A. to provide services to its customers. Available services include high-yield savings accounts, secured credit cards and a peer-to-peer payment tool.

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— Darla Mercado

Robinhood reports rise in customers and trading volume for April

announced Tuesday afternoon that it saw a rise in customers and trading volumes in April, as volatility around President Donald Trump's tariff announcements rocked markets.

The brokerage firm said funded customers rose by roughly 120,000 month over month in April to 25.9 million. Notional for equities hit $157.8 billion, up 26% from March.

"It was one of the best months we've ever had for deposits. So they're bringing in fresh powder to take advantage of the opportunities that they saw with some of this tariff news," Steve Quirk, Robinhood's chief brokerage officer, said Tuesday on "."

— Jesse Pound

American Eagle tumbles after pulling full-year guidance

Shares of fell nearly 15% after the apparel company withdrew its full-year guidance.

American Eagle also released for the first quarter, saying it expects to report a revenue decline of roughly 5% to $1.1 billion and an operating loss of $85 million.

The company said the loss was due in part to higher-than-planned promotional activity and a write-down of inventory.

"We are clearly disappointed with our execution in the first quarter. Merchandising strategies did not drive the results we anticipated, leading to higher promotions and excess inventory. As a result, we have taken an inventory write down on spring and summer goods," Jay Schottenstein, the company's executive chairman of the board and CEO, said in a press release.

Shares of and were also under pressure in light after-hours trading, possibly in sympathy with the American Eagle move.

— Jesse Pound

Stock futures open little changed

The futures market was calm when trading resumed at 6 p.m. in New York. Futures for the S&P 500, Dow and Nasdaq 100 were all within 0.1% of the flatline.

— Jesse Pound