U.S. Stocks Rise as Dow Extends Rebound - The Wall Street Journal
U.S. stocks rose Wednesday, extending the previous session’s rebound, as investors turned their focus to the banner start to corporate earnings season.
The SP 500 climbed 35.63 points, or 0.8%, to 4358.69, a day after the broad market gauge posted its biggest one-day gain since late March. The two-day advance helped unwind Monday’s steep drop and leaves the index within 0.6% of its record close.
The Dow Jones Industrial Average rose 286.01 points, or 0.8%, to 34798.00, and the Nasdaq Composite gained 133.08 points, or 0.9%, to 14631.95.
A strong start to earnings season has helped buoy sentiment after Monday’s steep selloff sparked by concerns over rising coronavirus cases. The market recently has been lurching from one fear to the next, said Yung-Yu Ma, chief investment strategist at BMO Wealth Management, and earnings have given investors something positive on which to focus.
“It’s nice to see some stabilization,” he said.