By Ed Ballard
Tech stocks are shining once again.
Stock indexes rose Wednesday, led by the Nasdaq composite. Notable risers included the chip designers Cadence and Synopsys, and the e-commerce companies DoorDash and Shopify. The tech-heavy index has had a rough stretch, falling for four sessions before eking out a small gain on Tuesday.
Minutes from the Federal Reserve's latest interest-rate-setting meeting revealed little appetite for rate cuts.
Shares in Nvidia rose, after the chip maker and market heavyweight struck a big AI chip deal with Meta Platforms. Analog Devices shares advanced after the chip maker posted better-than-forecast quarterly results and guidance.
Earnings are due later Wednesday from Carvana and DoorDash.
Global benchmarks also rose. Several major Asian markets were closed for Lunar New Year holidays.
The greenback strengthened, particularly against the New Zealand dollar. Oil futures climbed as traders eyed U.S.-Iran tensions. Treasury yields inched higher, with the 10-year yield at around 4.07%.
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(END) Dow Jones Newswires
February 18, 2026 16:37 ET (21:37 GMT)
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