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Stocks rose on Wednesday as the market tried to find some stability after consecutive days of sharp selling.
The Dow Jones Industrials re-emerged 328.75 points, or 1.2%, to start the session at 27,410.11
The S&P 500 recovered 44.56 points, or 1.4%, to 3,172.77.
The NASDAQ rebounded 155.13 points, or 1.7%, to 9,120.74.
Boeing, 3M and Walgreens Boots Alliance led the Dow’s gains, advancing more than 2% each. Financials, industrials, materials and tech outperformed within the S&P 500 as all four sectors rose more than 1%.
The NASDAQ was led higher by a 2.5% gain in Apple shares. Facebook rose more than 1.5% while Netflix climbed 4.4%. Amazon gained 1.3%, and Alphabet advanced 1.1%.
JPMorgan Chase shares were 1.3% higher as yields bounced. Bank of America traded 0.9% higher while Citigroup climbed 0.8%.
Prices for the 10-Year U.S. Treasury sagged, raising yields to 1.36% from Tuesday’s 1.34%. Treasury prices and yields move in opposite directions.
Oil prices moved up again by 11 cents to $50.01 U.S. a barrel.
Gold prices dumped $12.00 to $1,638.00 U.S. an ounce.
