Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
💎 Access the Market Tools Trusted by Thousands of Investors Get Started
Stocks - Wall Street Bounces Back as Tech Shares Rise
Published Nov 21, 2018 09:32AM ET
© Reuters.
Investing.com - Wall Street opened higher on Wednesday during a pre-Thanksgiving rally after the stock market had pared back its yearly gains.
The S&P 500 rose 14 points, or 0.56%, to 2,656.6 as of 9:30 AM ET (14:30 GMT), while the Dow rallied 76 points, or 0.31%, to 24,541.65 and the tech-heavy Nasdaq Composite was up 78 points, or 1.14%, to 6,987.45.
All three indexes closed in the red for the second day in a row on Tuesday. Concerns over slowing global growth and lower-than-expected retail earnings contributed to the selloff.
Technology stocks recovered, with FAANG stocks in the green. Apple (NASDAQ:AAPL) gained 1.29%, while Amazon.com (NASDAQ:AMZN) jumped 3.48% and Netflix (NASDAQ:NFLX) was up 2.61%.
Deere (NYSE:DE) rose 3.59% despite its earnings comig in lower than expected. Foot Locker (NYSE:FL) jumped 16% after its financial results beat expectations, while Walgreens Boots Alliance (NASDAQ:WBA) inched up 1.63% after a Wall Street Journal report that it was in preliminary talks with Humana (NYSE:HUM) to take stakes in each other. Gap (NYSE:GPS) was up 4.83% after its third-quarter results came in higher than expected.
Elsewhere, financial stocks were down, with Bank of America (NYSE:BAC) dipping 0.18% and JPMorgan Chase (NYSE:JPM) falling 0.25%. Coca-Cola (NYSE:KO) inched down 0.12% and Target (NYSE:TGT) decreased 0.09%.
In commodities, gold futures rose 0.52% to $1,227.60 a troy ounce, while crude oil rallied 2.15% to $54.58 after slumping on Tuesday over fears of a supply glut. The U.S. dollar index, which measures the greenback against a basket of six major currencies, fell 0.22% to 96.505.
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.