The major U.S. stock indices closed in positive territory on Wednesday, in a recovery session after the losses recorded on Tuesday. The Dow Jones Industrial Average rose 0.56%, to 53,061.95 points, the S&P 500 gained 0.46%, to 7,666.6 points, and the Nasdaq Composite increased 0.45%, closing at 26,217.8 points. Tuesday's decline was driven by the escalation of tensions in the Middle East and the rise in Treasury yields, at a time when markets entered September, historically the weakest month of the year for equities.
Dell Technologies was the big star of the day, with shares surging nearly 16% after the release of quarterly results that far exceeded expectations. The company reported record revenue of $47 billion in the fiscal second quarter of 2027, an increase of 58% compared to the same period last year, and adjusted earnings per share of $7.04, more than double the previous year. Demand for artificial intelligence servers continued to be the growth engine, with $60.9 billion in new orders and a total backlog of $95 billion, leading the company to significantly revise its outlook to $192 billion in total revenue and $74 billion in AI server revenue.
Uber announced a major restructuring that involves eliminating approximately 3,300 positions, equivalent to 10% of its global workforce, with the goal of reducing management layers by 20%. Simultaneously, the board of Delivery Hero, owner of Glovo, approved Uber's acquisition offer valued at
