U.S. Stocks Rally From 3-Month Lows as Energy, Health-Care Lead
- Exxon Mobil, Chevron lead as Dow adds more than 220 points
- Rebound accelerated after dovish comments from Fed's Bullard
U.S. Market Volatility: China Concerns or Profit Taking?
Energy and health-care shares led a rebound in U.S. stocks, as the Standard & Poor’s 500 Index followed the steepest selloff since September with its strongest gain in a month, and the Dow Jones Industrial Average rallied more than 220 points.
Exxon Mobil Corp. and Chevron Corp. jumped at least 4.5 percent as energy companies in the S&P 500 soared to their largest single-day gain since August. Health-care companies had their strongest advance in more than four months to recover from their biggest slide since Sept. 29. The Nasdaq Composite Index had its best rally in a month, reversing direction today after approaching a 14-month low. Intel Corp. fell in after-hours trading following its quarterly results.