The Dow Jones Industrial Average traded higher on Wednesday as it tried to recover its footing following a selloff in the previous session.
The 30-stock index surged 337.02 points to 43,077.44.
The S&P 500 index regained 27.2 points to 5,842.46.
The NASDAQ Composite revived 51.49 points to 18,367.09.
Morgan Stanley rose 7% after topping Wall Street estimates for both its third-quarter earnings and revenue. United Airlines also reported better-than-expected results and forecast strong numbers for the last quarter of 2024, sending shares 15% higher.
The reporting period is off to a solid start. About 50 S&P 500 stocks have posted third-quarter earnings thus far, with 79% of those beating expectations, FactSet data shows.
Prices for the 10-year Treasury gained, lowering yields to 4.01% from Tuesday’s 4.03%. Treasury prices and yields move in opposite directions.
Oil prices were lower five cents to $70.53 U.S. a barrel.
Gold prices added $11.20 to $2,690.10 U.S. an ounce
