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U.S. crude stocks rose last week despite a major increase in exports, while fuel inventories fell, the Energy Information Administration said on Wednesday. Crude inventories rose by 515,000 barrels to 442.9 million barrels in the week ended April 11, the EIA said, compared with analysts' expectations in a Reuters poll for a 507,000-barrel rise. Meanwhile, crude exports rose 1.8 million barrels per day to 5.1 million bpd, the highest in about a year, the EIA data showed.

Gold bumped the 'Magnificent Seven' tech stocks to take the top spot as a crowded trade, according to a BofA survey.

Nvidia pulled Wall Street lower on Wednesday after the tech giant said new restrictions on exports to China will chisel billions of dollars off its results.View on euronews

Shares of Autoliv surged Wednesday morning after the Swedish airbag and seatbelt maker reported first-quarter profit well above expectations.

Stocks sank Wednesday after computer chipmaker Nvidia announced it was recording a $5.5 billion charge to comply with a new Trump administration rule on tech-related exports.

Chinese tech giants Tencent and Douyin, TikTok's sister app in China, have in the past two days launched programs to help Chinese exporters sell their goods domestically, amid an escalating U.S.-China trade war. Tencent said on Thursday its program aimed to create 100 billion yuan ($13.7 billion) in sales for China's beleaguered export-dependent firms by helping them set up domestic-facing operations, as well as tap Southeast Asian markets. Tencent and Douyin, which operate large e-commerce platforms, are the latest Chinese conglomerates to announce measures to help the country's exporters, which have been frozen out of the U.S. market as a result of high tariffs imposed by the Trump administration on all Chinese imported goods.

The low valuation multiples for value stocks provide a margin of safety that growth stocks rarely offer. However, the challenge lies in determining whether these cheap assets are genuinely undervalued or simply on sale due to their potentially deteriorating business models.