Markets
US stocks rise, reversing early losses
NEW YORK : US stocks rose on Wednesday, rebounding from early losses and shaking off a Chinese interest rate hike and
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NEW YORK: US stocks rose on Wednesday, rebounding from early losses and shaking off a Chinese interest rate hike and new eurozone debt worries to close higher by the end of the day.
The Dow Jones Industrial Average gained 55.77 points (0.44 percent) to stand at 12,625.64 in closing trade.
The broader S&P 500 rose 1.34 points (0.10 percent) to 1,339.22, while the tech-heavy Nasdaq Composite was up 8.25 points (0.29 percent) to stand at 2,834.02.
Stocks fell in early trading after a Chinese interest rate hike raised expectations of slowing growth in the world's second-largest economy and as worries mounted about Europe's debt crisis.
Copyright AFP (Agence France-Presse), 2011
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