The Nasdaq Composite was soaring 1.6% as of 12:20 p.m. Eastern time, bouncing back from its worst two-day percentage decline since August, according to Dow Jones Market Data. Shares of Nvidia Corp.

Verizon's stock is still up 4.6% this year, ahead of the roughly 5% decline for the S&P 500 but lagging shares of AT&T Inc. (T) and T-Mobile US Inc. (TMUS), which are up 12% and 15%, respectively.

The crypto market recovered some of its losses Wednesday following a lower-than-expected US Consumer Price Index (CPI) report ...