Stocks rise, erasing S&P 500’s Tuesday losses

Technology companies led stocks on Wall Street broadly higher Wednesday, erasing the Standard & Poor’s 500’s losses from a day earlier.

“It was maybe a little bit of an overreaction yesterday to the manufacturing numbers, so that’s why we’re having a bounce back today,” said Karyn Cavanaugh, senior markets strategist at Voya Investment Management. “We had some good news on Hong Kong today, but just in general investors have to get used to the volatility.”The S&P 500 climbed 31.51 points, or 1.1%, to 2,937.78. The Dow Jones industrial average rose 237.45 points, or 0.9%, to 26,355.47.

Investors have been worried that the trade war and a slowing global economy could tip the U.S. into a recession. But traders set aside those concerns Wednesday, focusing instead on geopolitical developments.Even though Wednesday’s news from Britain and Hong Kong gave U.S. stocks a lift, Tuesday’s weak U.S. manufacturing activity report remains a harbinger of an economic slowdown.

In August the U.S. bond market reflected investors’ fears of a recession, but there were few such signs Wednesday. Communication services, industrial and financial stocks also notched solid gains. Activision Blizzard climbed 4.8%, Honeywell gained 2.2% and Citigroup rose 1.4%.

OR Stocks rise because of a real President.

Or it's just a low volume short squeeze. Nothing is resolved in the global economic crisis.

I know stockshare is dropping because ours unitedstate president Donald Trump

Canada Canada Latest News, Canada Canada Headlines

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