The tech-heavy Nasdaq added 252 points on Wednesday, after Apple (AAPL) confirmed it will invest another $100 billion in U.S. manufacturing, putting its total investment at $600 billion. The S&P 500 and Dow settled comfortably higher as well, as the tech giant's commitment overshadowed a steep chip sector selloff and news of an additional 25% levy on Indian products, putting total tariffs on the country at 50%.

OIL LOWER AHEAD OF RUSSIA SANCTION UPDATE

Oil prices gapped to their lowest level in five weeks after U.S. Secretary of State Marco Rubio teased an announcement regarding U.S. sanctions on Russia over its war against Ukraine. September-dated West Texas Intermediate (WTI) fell 52 cents, or 0.8%, to close at $64.65 per barrel. 

Gold prices were flat amid a bout of profit taking, after yesterday coming close to two-year highs. Traders also continued to eye President Trump's incoming Federal Reserve appointments. August-dated gold futures added 0.01% to settle at $3,434.90 per ounce.

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