Stocks Bounce Back a Day After Plunge

Dow ends day up 207
By Newser Editors and Wire Services
Posted May 14, 2019 3:03 PM CDT
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Specialist Thomas McArdle, left, and trader Michael Milano work on the floor of the New York Stock Exchange, Tuesday, May 14, 2019.   (AP Photo/Richard Drew)

(Newser) – Stocks are closing broadly higher on Wall Street as investors got a reprieve a day after the market took a nosedive on worries over the worsening trade relations between the US and China, the AP reports. Technology companies, which took a beating a day earlier, led the market higher on Tuesday. Broadcom rose 2.9% and Micron Technology added 3%. Banks and industrial companies were also higher. Utilities were the only group that fell. Disney rose 1.4% after announcing a deal with Comcast that will allow Disney to take full control of Hulu. The S&P 500 rose 22 points, or 0.8%, to 2,834. The index fell 2.4% the day before. The Dow Jones Industrial Average rose 207 points, or 0.8%, to 25,532. The Nasdaq rose 87 points, or 1.1%, to 7,734. (Read more stock market stories.)

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