Stocks rose on Wednesday in volatile trading as gains in major tech names offset declines in shares that would benefit from the economy reopening. 

The Dow Jones Industrial Average traded 57 points higher, or 0.2%. Earlier in the day, the Dow was up more than 200 points and briefly turned negative. The S&P 500 climbed 0.4% and the Nasdaq Composite advanced nearly 1%.

Apple rose 2% to a record high after a Deutsche Bank analyst hiked his price target on the stock. Microsoft shares gained 1.3% and Netflix climbed 1.2%. Amazon traded 1.5% higher. 

“It seems like you flip a switch when those Covid cases go up, the country takes a step back in terms of reopening the economy and all those names find