The New York Stock Exchange returned to the upside on Wednesday, helped by the continued sparkling form of Nvidia, which set record after record, and by the strength of the industrial components of the market.

At the end of the morning, the Dow Jones index was up 0.1% at 38,289.5 points, while the broader S&P 500 gained 0.3% to 4,969.5 points. The Nasdaq Composite advanced by 0.3% to 15,708.8 points.

Nvidia, up 0.7%, hit new all-time highs and is now just behind Alphabet for the third-largest US market capitalization, behind Microsoft and Apple.

Uber, for its part, gained more than 11% after announcing the launch of a share buyback program worth up to seven billion dollars.

The S&P technology index, with a gain of 0.4%, was not the best performer of the day, lagging behind finance (+0.6%), real estate (+0.5%) and healthcare (+0.5%), but above all industry.

Hopes that the US economy is in good health are benefiting manufacturers such as Caterpillar (+1.2%) Dow (+0.5%) and 3% (+0.2%), three heavyweights on the Dow Jones.

The S&P index for the sector rose by 1.1%, the best performance of the 11 major sector indices.

On the bond market, the yield on the ten-year Treasury bond stabilized at 4.27%, after hitting a three-year high of over 4.30% yesterday on signs that economic activity was holding up well.

Oil prices are losing ground on the NYMEX, hit by the announcement of a new weekly rise in US crude oil inventories.

The March contract for US light crude (West Texas Intermediate, WTI) is down 0.2% at less than $77.7 a barrel.

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