U.S. stocks rallied Wednesday, recovering this week’s losses as investors barreled through the earnings season and weighed upbeat economic data out of the services sector.
The S&P 500 jumped 1.6%, and the Dow Jones Industrial Average gained 450 points, or roughly 1.4%. The tech-heavy Nasdaq Composite surged 2.6%.
Bonds also pushed forward after hawkish Fedspeak Tuesday, with the benchmark 10-year Treasury yield near 2.8% and the 2-year yield topping 3.1%.
Economic data out Wednesday that showed…
Source link
