Seagate Technology, McDonald’s, Trix, Pinterest, and more

Technology stocks rebounded from Tuesday’s losses to help boost major U.S. stock indexes Wednesday afternoon. The Dow Jones, S&P 500 and Nasdaq all advanced.

Seagate Technology (STX) and other data storage stocks like Western Digital (WDC) led gains on the S&P 500. Seagate said it has a deal with lenders to exchange $500 million in debt for cash and stock.

Shares of Targa Resources (TRGP) also rose as the natural gas distribution company reported strong results and boosted earnings on record volumes in the Permian Basin.

McDonald’s (MCD) shares rose after the giant fast food chain reported better-than-expected same-store sales in the United States.

Zimmer Biomet (ZBH) was the worst-performing stock in the S&P 500 as the medical device maker cut its forecasts due to weak demand in international markets.

Shares of Trex ( TREX ) fell after the building materials maker reported weaker-than-expected results and lowered its guidance on slowing spending on home repairs and remodeling.

Shares of Pinterest ( PINS ) sank after the visual social media and search platform reported lower-than-expected earnings and gave a weak outlook for the holiday quarter.

Oil futures were little changed, and gold prices rose. The yield on 10-year Treasury bonds rose. The US dollar rose against the euro and the yen, but lost strength against the British pound. Most major cryptocurrencies were trading higher.