NEW YORK – The latest on developments in financial markets (all times locally):11:45 am The shares squeeze higher on Wall…
NEW YORK – The latest on developments in financial markets (all times locally):
The shares squeeze higher on Wall Street after two days of steady losses such as wiped out market profits for the year.
Major technology companies including Apple and Microsoft rose Wednesday and crude oil prices rose by 3.8 percent the day after falling to their lowest level in a year.
The footstool rose 15.2 percent after winning solid quarterly results. Software manufacturer Autodesk climbed 8.7 percent.
The security store, as applications, dampened the market.
The S & P 500 index increased 25 points or 1 percent to 2,667.
Dow Jones Industrial Average increased 136 points, or 0.6 percent to 24,604. The Nasdaq composite material increased 105 points, or 1.5 percent, to 7,015.
Bond prices fell. The return on the 10-year government bond rose to 3.08 percent.
Stocks are opening higher on Wall Street, as major technology companies like Apple chop back some of the land they lost in a route over the past two days.
Apple rose 1.5 percent in early trading Wednesday and Amazon recovered 3 percent. Both still remain strong from the highs they reached earlier in the fall.
Foot Locker increased 16.6 percent after winning solid quarterly earnings.
The security stock as a tool dropped the market.
The S & P 500 index increased 15 points, or 0.6 percent, to 2 657.
Dow Jones Industrial Average rose 119 points, or 0.5 percent to 24.585. The Nasdaq composite increased 80 points, or 1.1 percent, to 6,988.
Bond prices fell. The return on the 10-year government bond rose to 3.07 percent.
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