U.S. Stocks Rebound After Selloff as Technology Shares Advance

Investors Prepare for Next Phase of the Trump Trade

U.S. shares inched forward for the first time in four days as a rally in technology stocks offset losses in phone companies and banks.

The S&P 500 added 0.2 percent to 2,348 at 4 p.m. in New York and the Dow Jones Industrial Average lost 7 points to 20,661.30. The S&P 500 sank more than 1 percent Tuesday for the first time since Oct. 11.

  • Telecom shares fell 1% for a third straight loss this week; Frontier Communications dropped 10.6% and CenturyLink fell 2.4%
  • Financial companies weaker for sixth time in seven sessions; lost 0.2%
    • 10-year Treasury yield down 4 basis points, extending a four-day bond rally
  • North Sea Brent crude oil fell after industry data showed U.S. stockpiles expanded last week
  • Stocks in Europe and Asia declined on an unwinding of reflation trades amid uncertainty over prospects for the U.S. president’s policies
  • Volume across U.S. exchanges fell 18% from yesterday
  • VIX up for fourth session to 12.8
  • ECONOMY:
  • EARNINGS:
    • Thursday: Adeptus Health (ADPT), Micron (MU), GameStop (GME)
  • Stoxx Europe 600 Index declined 0.4% for third straight loss as 17 of 19 groups in the index fell
  • Terror attack in London hours before European market close left four dead near Parliament 

For more equity market news:

    Before it's here, it's on the Bloomberg Terminal.
    LEARN MORE