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Wall Street's main indexes started the day higher to reverse Tuesday's losses supported by upbeat earnings figures. As of writing, the Dow Jones Industrial Average was up 0.35% on the day and the Nasdaq Composite and the S&P 500, which touched fresh all-time highs at the opening, were adding 0.65% and 0.45%, respectively.
Stronger-than-expected quarterly earnings and an upbeat full-year profit forecast from IBM allowed the tech giant's shares to rise sharply on Wednesday. With the company stocks gaining more than 4% in the early trade, the S&P 500 Technology Index is adding 0.8% to lead the rally.
On the other hand, falling crude oil prices weigh on the Energy Index, which is down 0.4% as the only major S&P 500 sector to stay in the negative territory.