FYI: U.S. stocks climbed Wednesday, lifted by gains in shares of everything from retailers to technology firms.
The Dow Jones Industrial Average rose 258 points, or 1.00%, to 26036. The S&P 500 added 0.65%, and the Nasdaq Composite climbed 0.38%, erasing earlier losses.
With no major U.S. economic reports scheduled for release and few fresh developments on the U.S.-China trade front, some traders said market moves were likely to be muted midweek.
Earnings drove some of the bigger moves within the stock market.
Hewlett Packard Enterprise jumped 3.8% after posting stronger-than-expected quarterly results late Tuesday.
Software-design firm Autodesk fell 7% after cutting its outlook for the year ahead.
Hewlett Packard Enterprise jumped 3.8% after posting stronger-than-expected quarterly results late Tuesday.
Software-design firm Autodesk fell 7% after cutting its outlook for the year ahead.
Tiffany added 4.3% despite reporting a drop in sales for the second quarter, aided by earnings that came in better than analysts had feared.
Elsewhere, the Stoxx Europe 600 slipped 0.2% after Germany’s GfK consumer survey pointed to slowing consumption, adding to investors’ worries about Europe’s biggest economy.
Government bonds strengthened, with 10-year German bund yields hovering near minus 0.712% and the yield on the 10-year U.S. Treasury note last at 1.461%, compared with 1.493% Tuesday.
With bond yields across the world falling, stocks, particularly in the U.S., still look relatively attractive, Mr. Temple added.
Meanwhile, the British pound dropped 0.5% against the U.S. dollar after U.K. Prime Minister Boris Johnson moved to shut down Parliament for several weeks ahead of the U.K.’s scheduled departure from the European Union on Oct. 31.
Under the government’s plan, which was rubber stamped by Queen Elizabeth II on Wednesday, the current parliamentary session will end between Sept. 9 and Sept. 12 and then the monarch will reopen Parliament on Oct. 14.
The U.K.’s FTSE 100, which typically benefits from a weaker pound, rose 0.4%, among the few indexes in Europe to post gains for the day.
Stock indexes across Asia ended mixed amid conflicting reports on whether trade talks would be held between Washington and Beijing.
The Shanghai Composite dropped 0.3%, while Japan’s Nikkei Stock Average edged up 0.1%.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-08-28/your-evening-briefingMarketWatch:
https://www.marketwatch.com/story/stock-futures-edge-higher-as-investors-watch-yield-curve-us-china-trade-fight-2019-08-28/printWSJ:
https://www.wsj.com/articles/global-stocks-slip-on-weak-data-trade-doubts-11566979600Bloomberg:
https://www.bloomberg.com/news/articles/2019-08-27/asia-stocks-look-mixed-on-trade-treasuries-rise-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-finds-key-support-leads-stock-market-higher/CNBC:
https://www.cnbc.com/2019/08/28/stock-market-wall-street-monitors-trade-growth-and-bond-market-recession-signal.htmlReuters:
https://uk.reuters.com/article/us-usa-stocks/financials-help-wall-street-bounce-back-idUKKCN1VI1FPU.K:
https://uk.reuters.com/article/uk-britain-stocks/brexit-sensitive-stocks-sink-as-no-deal-eu-exit-worries-rise-idUKKCN1VI0PPEurope:
https://www.reuters.com/article/us-europe-stocks/global-growth-worries-keep-a-lid-on-european-shares-chaotic-brexit-looms-idUSKCN1VI0P7Asia:
https://www.cnbc.com/2019/08/28/asia-markets-august-28-us-treasury-yields-us-china-trade-currencies.htmlBonds:
https://www.cnbc.com/2019/08/28/us-bonds-key-yield-curve-inverts-further-as-30-year-hits-record-low.htmlCurrencies:
https://www.cnbc.com/2019/08/28/forex-markets-us-treasurys-dollar-us-china-trade-war-in-focus.htmlOil:
https://www.cnbc.com/2019/08/28/oil-markets-us-stockpiles-us-china-trade-war-in-focus.htmlGold:
https://www.cnbc.com/2019/08/28/gold-markets-global-economy-us-china-trade-war-in-focus.htmlWSJ: Markets At A Glance:
https://markets.wsj.com/usMajor ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitorSPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerSPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectorsCurrent Futures:
https://finviz.com/futures.ashx 
