Dow closes more than 200 points higher, S&P 500 rebounds to stave off September slide

dow closes more than 200 points higher sp 500 rebounds to stave off september slide

Sumary of Dow closes more than 200 points higher, S&P 500 rebounds to stave off September slide:

  • The Dow Jones Industrial Average rebounded Wednesday after a string of negative trading sessions this September.
  • “Some bullish economic news released before the bell Wednesday helped stabilize investor sentiment.
  • Energy stocks, which have been popular bets among investors banking on a big economic recovery, gained as WTI crude rose.
  • Rising U.S. Treasury yields helped lift bank stocks, with Citigroup up 2.4% and Morgan Stanley 1.1% higher.
  • Casino stocks like Las Vegas Sands and Wynn Resorts traded in the red again on Wednesday.
  • Markets have been in a funk so far this month amid rising investor worries about the delta variant derailing the economic recovery, along with hand-wringing over the next action by the Federal Reserve.

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