Led by gains in major technology companies, major U.S. indices rose on Wednesday morning as the stock market continued its comeback after heavy losses at the start of the week and investors digested a series of earnings reports.

The S&P 500 and Nasdaq Composite rose 1.6% and 1.8%, respectively, while the Dow Jones Industrial Average gained 1.2%. The indexes ended a three-session streak of big losses on Tuesday, driven by sharp declines in big-name technology stocks and growing investor concerns about the health of the U.S. economy.

Large-cap technology stocks were up in early trading Wednesday, with Nvidia (NVDA), Microsoft (MSFT), Apple (AAPL), Meta Platforms (META), Alphabet (GOOGL) and Amazon (AMZN) all rising more than 1.5%.

Disney (DIS) shares fell more than 1% despite the company reporting third-quarter numbers that beat Wall Street estimates. This was due to box office hits like “Inside Out 2” and the company’s streaming business turning profitable for the first time. Weakness in the company’s theme park business weighed on sentiment.

Among other companies reporting results, Ozempic maker Novo Nordisk (NVO) fell nearly 7%, CVS Health (CVS) was slightly lower and Super Micro Computer (SMCI) lost 17% after the server maker’s results and outlook fell short of expectations.

As investors digest the flood of earnings reports, they are also closely watching economic data, expecting the Federal Reserve to cut its benchmark interest rate soon to counter the impact of a weakening economy. The data calendar is empty on Wednesday, as weekly unemployment figures are due to be released on Thursday, which will be closely watched.

The yield on 10-year U.S. Treasury bonds, which is sensitive to expectations of Fed action, rose for the second day in a row to around 3.94 percent on Wednesday. On Monday, the yield fell below 3.70 percent to its lowest level in over a year after a surprisingly weak labor market report on Friday raised expectations that the Fed would have to cut interest rates quickly and significantly in the coming months.

Gold futures rose slightly to around $2,440 on Wednesday, while crude oil rose nearly 3% on concerns about tensions in the Middle East. Bitcoin, which fell below $50,000 on Monday amid the broader market slump, was little changed at around $56,000 on Wednesday.