U.S. stocks were higher on Wednesday, as the market attempted to recover from another damaging setback yesterday.
For most of Tuesday, the market appeared poised to recover a large amount of Monday’s losses, only to make a 180-degree turn in late trading and finish the day down about 1% across the board.
Today’s rally was attributed to a solid durable goods report, the possibility of further economic stimulus in China, and the decreasing likelihood of a September interest rate hike.
The market has now seen its best and worst days in four years in the space of this week. Investors see nothing but more volatility on the horizon.
Here are the final numbers from Wednesday on Wall Street:
Dow Jones Industrial Average: 16,285.51 (+619.07)
NASDAQ: 4,697.54 (+191.05)
S&P 500: 1,940.52 (+72.91)