Wall Street experienced another day of erratic trading on Wednesday, with major indices showing mixed results. The S&P 500 gained 0.4%, recovering from earlier fluctuations that saw it nearly erase a significant morning rally. The Nasdaq composite rose 0.7%, bouncing between a 0.4% drop and a 1.4% surge, while the Dow Jones Industrial Average dipped slightly by 17 points, or less than 0.1%. This volatility follows a turbulent Tuesday, where the Dow swung between a 615-point loss and a 455-point gain, reflecting ongoing market uncertainty. The recent instability traces back to President Donald Trump’s threat of higher tariffs on China, which disrupted a period of relative calm in the markets. Technology stocks led the charge on Wednesday, buoyed by a strong earnings report from ASML, a key player in the semiconductor industry. ASML projected a 15% revenue increase by 2025, with next year’s earnings expected to match or exceed this year’s. CEO Christophe Fouquet highlighted the growing momentum in AI investments, countering concerns of a potential bubble akin to the dot-com frenzy of 2000. Financial institutions also contributed to the market’s upward movement, with Bank of America and Morgan Stanley posting better-than-expected profits. However, PNC Financial and Abbott Laboratories faced declines due to underwhelming forecasts and revenue shortfalls. Corporate earnings are under heightened scrutiny as investors seek clarity on the U.S. economy’s health, especially with delayed government reports on inflation and other key indicators. The Federal Reserve’s recent rate cut and hints of further reductions add another layer of complexity, as policymakers balance inflation concerns with a slowing job market. In the bond market, the 10-year Treasury yield held steady at 4.03%, while gold prices surged 0.9% to over $4,200 per ounce, driven by global economic uncertainties. Overseas, Asian markets saw strong gains, with South Korea’s Kospi jumping 2.7%, while European indices showed mixed results.