Published on 29 Sep 2022 on Zacks via Yahoo Finance
Wall Street closed sharply higher on Wednesday rebounding from a six-day losing streak. Stiff decline in U.S. government bond yields following an unexpected intervention of the Bank of England to stabilize the UK’s financial market helped a turnaround for the U.S. stocks. All the three major stock indexes ended in positive territory.
How Did The Benchmarks Perform?
The Dow Jones Industrial Average (DJI) climbed 1.9% or 548.75 points to close at 29,683.74. The blue-chip index has terminated a six-day losing run. Notably, 22 components of the 30-stock index ended in positive territory while 8 in red.