BUSINESS US stocks rise as comeback rally continues

BUSINESS

US stocks rise as comeback rally continues

Xinhua

06:50, July 22, 2021

NEW YORK, July 21 (Xinhua) -- U.S. stocks finished higher on Wednesday, as comeback rally continued on Wall Street after Monday's steep sell-off.

The Dow Jones Industrial Average increased 286.01 points, or 0.83 percent, to 34,798.00. The S&P 500 rose 35.63 points, or 0.82 percent, to 4,358.69. The Nasdaq Composite Index jumped 133.08 points, or 0.92 percent, to 14,631.95.

Eight of the 11 primary S&P 500 sectors ended in green, with energy up 3.53 percent, outpacing the rest. Utilities slipped 1.1 percent, the worst-performing group.

Netflix shares ended more than 3 percent lower on Wednesday as the U.S. streaming video services company reported its second-quarter results after the closing bell on Tuesday, providing lighter-than-expected guidance for subscriber growth.

U.S.-listed Chinese companies traded mostly higher with nine of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.

U.S. equities have experienced great volatility recently amid concerns over inflation and worries over a resurgence in COVID-19 infections. The Dow plunged more than 700 points on Monday, followed by a rebound of 550 points on Tuesday.


Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue