Stocks rose Wednesday as new investments from Apple (AAPL  ) into American manufacturing helped lift a broader market that is looking for direction as it trades near record highs.

The Dow Jones Industrial Average (DIA  ) climbed about 80 points on Wednesday, rebounding from its previous session declines that marked its sixth straight negative session in seven. The broader market S&P 500 Index (SPY  ) also added 0.7%, while the tech-heavy Nasdaq Composite (QQQ  ) advanced over 1.2%.

Apple was in the spotlight on Wednesday following multiple news reports said CEO Tim Cook will join President Donald Trump for the announcement of a new "American Manufacturing Program" after market close. The tech giant will also pledge another $100 billion into domestic manufacturing, according to news first reported by Bloomberg on Wednesday, bringing its total U.S. investments over the next four years to $600 billion.

The news overshadowed more tariff uncertainty from the Trump administration, as the president announced he will double the tariff rate on imports from India to 50% due to the nation's use of Russian oil. The additional 25% rate is set to go into effect in 21 days, according to an executive order, while India's previously announced 25% duties will begin on Thursday.

"I find that the Government of India is currently directly or indirectly importing Russian Federation oil," Trump said in the order. "Accordingly, and as consistent with applicable law, articles of India imported into the customs territory of the United States shall be subject to an additional ad valorem rate of duty of 25 percent."

Earnings reports also took center stage on Wednesday, with McDonald's (MCD  ) leading the way with solid second-quarter results that showed its same-store sales climb by 3.8%, the fast-food giant's largest quarterly growth for the metric in nearly two years.

"Reengaging the low-income consumer is critical, as they typically visit our restaurants more frequently than middle- and high-income consumers," CEO Chris Kempczinski told analysts during the company's earnings call. "This bifurcated consumer base is why we remain cautious about the overall near-term health of the U.S. consumer."

Disney (DIS  ) also posted earnings that topped estimates, but its overall fiscal third-quarter revenue missed Wall Street expectations for the first time since May 2024. The entertainment giant nevertheless raised its fiscal 2025 guidance, now expecting adjusted earnings per share of $5.85 compared to its previous outlook for $5.75.

Shares of Advanced Micro Devices (AMD  ) came under pressure on Wednesday as its second-quarter earnings disappointed analysts despite continued momentum from the explosive artificial intelligence industry. "AI business revenue declined year over year as U.S. export restrictions effectively eliminated MI308 sales to China, and we began transitioning to our next generation," CEO Lisa Su told analysts during the company's earnings call.

AMD, the second-largest maker of graphics processing units after Nvidia (NVDA  ), issued better-than-expected current-quarter guidance, calling for sales of $8.7 billion, plus or minus $300 million.

Elsewhere, the White House is expected to issue an executive order to direct financial regulators to fine banks that are found to have violated the Equal Credit Opportunity Act, among other antitrust or consumer-protection laws, according to a report from The Wall Street Journal on Tuesday. The news comes as Trump told CNBC in an interview on Tuesday that he was rejected as a customer by JPMorgan Chase (JPM  ) and Bank of America (BAC  ).

Wells Fargo analyst Mike Mayo believes this executive order from the president could benefit banks by increasing their total addressable market.

"This could allow banks to more easily lend to industry segments previously deemed 'impermissible'," the analyst wrote in a note to clients. "Investors and their spokespeople at past annual meetings would ask why the banks were failing to lend to certain activities which were deemed legal. A rule could more easily allow banks to expand lending."

Looking ahead, market participants are in for another busy day of earnings on Thursday, including reports from DoorDash (DASH  ), Airbnb (ABNB  ), Occidental Petroleum (OXY  ), Eli Lilly (LLY  ), ConocoPhillips (COP  ) and Warner Bros. Discovery (WBD  ).