AMD, AutoDesk Lead Tech Rally Midday; Visa Powers Dow

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© Reuters. Visa was the Dow’s biggest gainer midday.

Investing.com – Technology stocks remained the driving force for Wall Street midday, although the indexes were coming off their strong early gains.

The S&P Information Technology index rose about 2% at 12:10 AM ET (17:10 GMT).

Autodesk (NASDAQ:) rebounded after seeing some serious selling that started around the beginning of the month. It was the leading component of the index, jumping about 4.5%.

Another beaten-down name, semiconductor company Advanced Micro Devices (NASDAQ:), rose about 3.2%. AMD, the high flyer in the chip sector, had been slumping since the end of September.

Payment companies also pushed the index higher.

Dow component Visa (NYSE:) gained 3.5%, while Mastercard (NYSE:) rose 3.8% and

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