Stock Indexes Gain, a Day After Big Drop

Reversing most of their losses
By Newser Editors and Wire Services
Posted Jan 28, 2020 3:11 PM CST
Stock Indexes Gain, a Day After Big Drop
Specialist Anthony Matesic, center, works with traders at his post on the floor of the New York Stock Exchange, Tuesday, Jan. 28, 2020.   (AP Photo/Richard Drew)

Stocks are closing broadly higher on Wall Street, reversing most of their losses from a sell-off the day before, the AP reports. The gains on Tuesday snapped a two-day skid driven by fears that the spread of a new virus in China could hamper global ecomomic growth. Technology stocks rose the most. Banks and other financial companies also climbed, along with communications stocks. The S&P 500 index rose 32 points, or 1%, to 3,276. The Dow Jones Industrial Average added 187, or 0.7%, to 28,722, and the Nasdaq rose 130, or 1.4%, to 9,269. Bond prices fell. The 10-year Treasury yield rose to 1.65%. (Read more stock market stories.)

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