NEW YORK An encouraging start to earnings season helped U.S. stocks rebound on Wednesday from five days of losses that pushed the S&P 500 and the Nasdaq below key technical levels.
Based on the latest available data, the Dow Jones industrial average was up 89.54 points, or 0.70 percent, to end unofficially at 12,805.47. The Standard & Poor's 500 Index was up 10.13 points, or 0.75 percent, to finish unofficially at 1,368.72. The Nasdaq Composite Index was up 25.24 points, or 0.84 percent, to close unofficially at 3,016.46.
(Reporting by Caroline Valetkevitch; Editing by Jan Paschal)
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With the Nifty breaching 8,500, sentiments are again bullish. But markets have been in the 8,200-8,600 range for some time and stocks across the board do not give the required confidence except for the liquidity factor. Many frontline stocks are not participating on the upside and the core sector is in a downtrend, writes Ambareesh Baliga. Column