Alphabet, Apple Fuel Tech Rebound, Gold Defies Gravity: What's Moving Markets Wednesday?

Wall Street staged a tentative rebound on Wednesday after two straight sessions of heavy tech losses, as rallies in Alphabet Inc. (NASDAQ:AAPL) and Apple Inc. (NASDAQ:AAPL) helped restore confidence in the sector.

The Nasdaq 100 climbed nearly 1% by midday in New York, while the S&P 500 added 0.4%.

Shares of Alphabet jumped nearly 9% after a U.S. court issued long-awaited remedies in the DOJ antitrust case, which proved less severe than investors had feared. Apple gained about 3% as the ruling allows Google to continue paying for default search placement on iOS, preserving a lucrative revenue stream for the iPhone maker.

Gold extended its record-breaking rally, rising more than 1% to $3,570 ...