NEW YORK: Wall Street stocks rebounded on Tuesday following solid US economic data and mixed earnings as markets kept a watchful eye on developments in the China virus outbreak.
One sign of the optimism was strong gains for several travel-oriented stocks, including Marriott International and Wynn Resorts. The latter operates resorts in gambling center Macau, where there have been confirmed virus cases.The broad-based S&P 500 gained 32.61 points to 3,276.24, while the tech-rich Nasdaq Composite Index advanced 130.37 points to 9,269.68.US consumer confidence jumped more than expected in January, according to the Conference Board.
Pfizer slumped 5.1 per cent as it reported a US$337 million loss in the fourth quarter on lower sales.
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