Stocks were mostly better Wednesday with a boost from a resumption of technology stock rally on dip-buying after Tuesday's weakness. The Dow Jones industrial average was flat, the S&P 500 gained 0.6 percent, and the Nasdaq was up 1.1 percent. US Treasury yields rose after a weak 10-year note auction. The dollar and oil prices rose.

Bullish comments from Nvidia CEO Jensen Huang on the strength of AI business fueled an early rally in chipmakers and tech. Other sectors joined in as the day progressed with the S&P 500 and Nasdaq setting new record highs again.

Best sectors included technology, consumer discretionary, utilities and industrials. Lagging were financials, consumer staples, energy, and real estate.

Market Reflections track market reaction to the trading day's major events. Economic data, policymaker speeches, and company news are featured in this report as well as key indexes and financial instruments.

Understanding why markets respond as they do is fundamental for an investor. Market Reflections help explain how the day's events, news, and data impact the outlook for the economy and for market prices.