U.S. stocks rebounded on Wednesday, helped by a rise in technology stocks as Nvidia (NVDA) became the first publicly listed company to hit $4T in market cap. Investors were keeping an eye out for further announcements on trade from U.

Beginning Aug. 1, the U.S. will impose a 30% tariff on Algeria, Libya and Iraq, a 25% rate on Brunei and Moldova, and 20% on the Philippines, Trump revealed on his Truth Social platform.

Stocks on Thursday were shaking off earlier weakness following President Donald Trump’s latest tariff threats, with all three major U.S. indexes only a short distance away from record highs.