US stocks rebound from prior day losses; Tiffany, Netflix among big risers

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Stocks are recouping their losses from the day before as investors look through the latest corporate earnings news.

The market held steady after the Federal Reserve released minutes from its latest policy meeting.

Tiffany jumped 9 per cent after the jewelry seller said its earnings spiked 50 per cent in the first quarter.

Netflix rose 5 per cent after saying it would expand its streaming video service into Germany, France and four other European countries later this year.

The Standard & Poor’s 500 index gained 15 points, or 0.8 per cent, to close at 1,888 Wednesday.

The Dow Jones industrial average rose 158 points, or 1 per cent, to 16,533. The Nasdaq rose 34 points, or 0.9 per cent, to 4,131.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.54 per cent.

One comment on “US stocks rebound from prior day losses; Tiffany, Netflix among big risers

  1. Yes, they rebounded without any fundamental basis for their resurgence. The stock market is not a place to be in today – too much central bank manipulation to support the dollar and a weakening economy.

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