Stocks Put on Mini-Rally Wednesday - InvestingChannel

Stocks Put on Mini-Rally Wednesday



The Dow Jones Industrial Average attempted to rebound Wednesday after a string of negative trading sessions this September.

The blue-chip index regained 91.38 points to 34,668.95.

The S&P 500 recovered 10.86 points to 4,453.85.

The NASDAQ Composite eked higher 0.34 points to 15,038.10.

For September, the Dow is down nearly 2% and the S&P 500 is off more than 1%. The S&P 500 is on track to see its worth monthly performance since October 2020.

Microsoft shares gained roughly 1% after announcing a dividend increase and a sizable $60-billion share repurchase program.

Energy stocks, which have been popular bets among investors banking on a big economic recovery, gained as WTI crude rose. Exxon added more than 3%.

Casino stocks like Las Vegas Sands and Wynn Resorts traded in the red again on Wednesday. Those names took a big hit Tuesday as the government of Macau looks to increase regulatory scrutiny over casino

Prices for 10-Year Treasurys fell, raising yields to 1.32% from Tuesday’s 1.28%. Treasury prices and yields move in opposite directions.

Oil prices revived $2.05 to $72.51 U.S. a barrel.

Gold prices slipped $12.50 to $1,794.60 U.S. an ounce.