Dow, S&P jump 1%+, Nasdaq 2% in broad rally

  • Dow, S&P jump 1%+, Nasdaq 2% in broad rally

    U.S. stocks saw a broad rally on Wednesday as utilities and discretionary stocks led the gains for the S&P 500 which included all major sectors with the exception of energy as oil dipped 5.7% to $81.94 per barrel. Equities got a boost from falling bond yields as the 10-Year Treasury fell to 3.364%. Apple shares saw a gain of 0.9% as the company rolled out its long awaited new product and enhancement launch.

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