Stocks rallied as Wall Street shook off more of the fear that dominated it earlier this month.
The S&P 500 rose 1.4% Wednesday. The Dow Jones Industrial Average and the Nasdaq composite also rose. They followed similar gains in other markets around the world.
A measure of nervousness among stock investors on Wall Street is back near its lowest levels since early this month, before Silicon Valley Bank became the second-largest U.S. bank failure in history. The S&P 500 is on track to close a tumultuous month with a modest gain.
On Wednesday:
The S&P 500 rose 56.54 points, or 1.4%, to 4,027.81.
The Dow Jones Industrial Average rose 323.35 points, or 1%, to 32,717.60.
The Nasdaq composite rose 210.16 points, or 1.8% to 11,926.24.
The Russell 2000 index of smaller companies rose 18.97 points, or 1.1%, to 1,771.60.
For the week:
The S&P 500 is up 56.82 points, or less than 1.4%.
The Dow is up 480.07 points, or 1.5%.
The Nasdaq is up 102.28 points, or 0.9%.
The Russell 2000 is up 36.68 points, or 2.1%.
For the year:
The S&P 500 is up 188.31 points, or 4.9%.
The Dow is down 429.65 points, or 1.3%.
The Nasdaq is up 1,459.75 points, or 13.9%.
The Russell 2000 is up 10.35 points, or 0.6%.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
