Stocks rose Wednesday as Wall Street looked to build on what has been a positive start to 2023.
The Dow Jones Industrials took on 36.21 points to open the mid-week session at 33,740.31
The S&P 500 was up 13.82 points to 3,933.07.
The NASDAQ Composite Index advanced 65.6 points to 10,808.23.
The moves come after the NASDAQ rose 1% on Tuesday to clinch its first three-day winning streak since November. If the tech-heavy composite ends Wednesday up, it would be the first four-day rally for the index since September. All three averages are positive for the young year.
2023 has brought a relief rally so far for more risky areas of the market, such as tech, but many investors are still cautious ahead of earnings season and further expected rate hikes from the Federal Reserve.
Warner Bros. Discovery got upgraded to a buy from a neutral rating by Guggenheim, which said that the risk-reward looks attractive at these levels.
Prices for the 10-year Treasury gained ground, lowering yields to 3.58% from Tuesday's 3.61%. Treasury prices and yields move in opposite directions.
Oil prices advanced $1.21 to $76.33 U.S. a barrel.
Gold prices subtracted 30 cents to $1,876.20 U.S. an ounce.