US stocks rebound after yesterday's tech-led selloff

Major US equity indices seesawed between positive/negative territories during the opening hour of trade on Wednesday, with Nasdaq underperforming on the back of persistent selloff in the technology sector.

Tech-heavy Nasdaq Composite Index continues to be weighed down by concerns about increased regulations, especially after Facebook's recent data privacy issue. The index, however, has managed to recover early losses and is now holding with modest gains. The broader S&P 500 Index (SP500) and Dow Jones Industrial Average (DJIA) have also managed to recover part of previous session's technology-driven rout. 

On the economic data front, the fourth-quarter US gross domestic product (GDP) was revised higher to 2.9% from 2.5% reported earlier and boosted investors' confidence, eventually supporting the early positive trading sentiment.

At the time of writing this report, DJIA rallied around 100-points to 23,950 and SP500 climbed 7-points to 2,620. Meanwhile, Nasdaq Composite tread water and held near previous session's closing level of 7,015.