US Stocks Higher with Tech Stock Rebound and Higher Crude Prices

U.S. stocks opened higher on Wednesday after two days of heavy selling as Apple Inc and other major technology stocks bounced back and oil prices steadied.

The Dow Jones Industrial Average rose 76.01 points, or 0.31 percent, at the open to 24,541.65. The S&P 500 opened higher by 15.85 points, or 0.60 percent, at 2,657.74. The Nasdaq Composite gained 76.68 points, or 1.11 percent, to 6,985.51 at the opening bell.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza