US markets saw a small rebound from lower levels on Wednesday, November 5, as the dip in AI-linked semiconductor stocks was bought into. Positive macro data also aided the sentiment.

The Dow Jones gained 225 points, taking its two-day return to zero as the index had declined nearly 250 points on Tuesday. The S&P 500 and Nasdaq also ended higher, but off the day's high and neither of the two indices recovered their losses from Tuesday.

ADP private payrolls indicated that companies added 42,000 jobs in October, a first after three months of decline, and better than the estimate of 22,000. However, smaller businesses continuing to shed jobs remains an area of concern.

The other positive macro was the Services PMI, which at 52.5, grew at the fastest pace in eight months. The services form a

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