Sunday, February 28, 2021

US Stocks bounced back after choppy session closed slightly higher

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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

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.

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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.

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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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Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]
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