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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 202.38 points to 42,942.80.
The S&P 500 index regained 5.54 points to 5,820.80.
The NASDAQ Composite dipped 24.41 points to 18,291.18.
Shares of 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.
Earnings reports this week have been mixed, with solid reports from major banks somewhat offset by weak outlooks from firms like UnitedHealth Group and Dutch chipmaker ASML
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 54 cents to $70.04 U.S. a barrel.
Gold prices added $11.30 to $2,690.20 U.S. an ounce
