U.S. stocks rose on Wednesday as fears about inflated valuations of technology stocks subsided, fueled by strong corporate earnings and better-than-expected economic data, which boosted investors' risk appetite. The market's growth was driven by a combination of positive factors. First, investors became less concerned about the overvaluation of technology sector stocks. Second, companies reported strong earnings, which strengthened confidence. Third, economic indicators showed better-than-forecast performance, creating a favorable environment for risky assets. Overall, these factors contributed to the stock market's rise and increased investors' willingness to allocate capital to more risky instruments.
