News Formal

Stock market news today: US stocks rally at open as rebound set to continue

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 17 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Nasdaq Composite News

VIX

Stocks rose on Wednesday as investors looked to build on Tuesday's trading session that snapped a 3-day losing streak.

US stocks rose early Wednesday as investors looked to build on Tuesday's rebound that snapped a three-day losing streak for the major averages. The benchmark S&P 500 rose nearly 1.3% while the tech-heavy Nasdaq Composite was up almost 2%. The Dow Jones Industrial Average rose about 0.5%, or nearly 200 points. Global markets continued to recover after a 12% drop in Japan's Nikkei on Monday sent shockwaves worldwide. The Nikkei rose 2.5% overnight on Wednesday.

Ahead of last week's sell-off, the VIX had been trading in the teens, though had been on a steady climb for much of July. The earnings and economic calendar remains relatively sparse, with the weekly report on mortgage applications expected later Wednesday morning serving as the most notable piece of economic news.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia stock falls more than 5%, reversing Wednesday’s rally as chip stocks lead market lowerChip stocks led a tech-fueled sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nvidia stock falls more than 6%, reversing Wednesday’s rally as chip stocks lead market lowerChip stocks led a tech-fueled sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Big tech stocks dive again to halt Wall Street's record-setting rallyNEW YORK (AP) — Wall Street’s record-breaking rally ran into a wall, as worries about potentially worsening trade tensions with China hit stocks of chip companies.
Source: SooToday - 🏆 8. / 85 Read more »

Stock market news today: Dow leads stock comeback from steep sell-offEarnings misses have put the spotlight on the health of the economy after a Big Tech-led sell-off.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Stocks rally before Fed as Nvidia surges 7%A tech revival is helping lift stocks, with the Federal Reserve's rate decision on deck.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Stocks rally before Fed decision as Nvidia surgesA tech revival is helping lift stocks, with the Federal Reserve's rate decision on deck.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »