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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Asia stocks set to open little changed as investors await Australia's GDP dataAsia stocks were set to open little changed on Wednesday as data released overnight showed U.S. factory activity in August contracting for the first time since early 2016.
Source: CNBC - 🏆 12. / 72 Read more »

These 11 stocks were the most popular with the world's biggest investors last quarterRBC Capital Markets lists 11 'Rising Sun' stocks it defines as those most added by large-cap funds during the second quarter. I'd recommend finding a different thumbnail
Source: BusinessInsider - 🏆 729. / 51 Read more »

Asia stocks set to trade higher as investors watch Hong Kong developmentsStocks in Asia were set to trade higher at the open on Thursday as investors closely watch Hong Kong markets after the withdrawal of a controversial extradition bill that had sparked protests for months.
Source: CNBC - 🏆 12. / 72 Read more »

Asia stocks dented by trade war, Brexit showdown paralyzes poundGlobal stocks faced headwinds on Tuesday, stymied by U.S.-China trade frictions ... meanwhile my bitcoin rallied StackSats
Source: Reuters - 🏆 2. / 97 Read more »

Leaders to losers: These stocks have made major trend reversalsSome of the worst-performing stocks in August were one-time market leaders. One could return to its former glory, two analysts say.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves premarket: Twitter, Boeing, Spark, Boston Beer, Snap & moreThese are the stocks posting the largest moves before the bell.
Source: CNBC - 🏆 12. / 72 Read more »