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The Closing Bell: U.S. Stocks Rebound On Trade-Talk Progress
FYI: The Dow Jones Industrial Average rebounded nearly 400 points Wednesday, vaulting back into positive territory for the year as signs of easing trade tensions boosted the outlook for global economic growth.
The blue-chip index climbed 157 points, or .64%, to 24527, and the S&P 500 also added .54%. The advance came after both indexes fell for the fourth time in five sessions Tuesday. Both gauges were down more than 9% from their all-time highs entering Wednesday.
The tech-heavy Nasdaq Composite rose .95%, on track for a third consecutive advance.
Eight of the eleven S&P 500 Sectors were in positive territory, while Real Estate, Consumer Staples, and Utilities lagged. Regards, Ted
