Tuesday, September 27, 2022

US Stocks bounced back after choppy session closed slightly higher


Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com

US Stocks bounced back finished slightly higher on Wednesday in a choppy trading session after global growth concerns were offset by a sharp rebound in oil prices.

The Dow Jones Industrial Average DJIA, +0.08 percent rose 19 points, or 0.1 percent, to 23,346.

The Standard & Poor 500 SPX, +0.13 percent ended up by 0.1 percent to 2,510.

The Nasdaq Composite COMP, +0.46 percent closed higher by around 0.5 percent to around 6,666.

Soft readings in manufacturing buying managers’ indexes across the eurozone and Asia caused qualms over a slowing global economy.

Yet mounting prices for crude futures later pushed equities off their session lows.

As for corporate info, shares for Tesla Inc. TSLA, +0.01 percent shed to 7 percent after the maker of electric cars reported fourth-quarter deliveries that were below analysts’ expectations.

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