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皇冠登三出租(www.hg108.vip):GLOBAL MARKETS-Wall Street rallies on economic data

皇冠登三出租(www.hg108.vip):GLOBAL MARKETS-Wall Street rallies on economic data

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The Dow Jones Industrial Average rose 416.33 points, or 1.29%, to 32,812.5, the S&P 500 gained 63.98 points, or 1.56%, to 4,155.17 and the Nasdaq Composite added 319.40 points, or 2.59%, to 12,668.16. The pan-European 600 index rose 0.51% and MSCI's gauge of stocks across the globe gained 1.01%. Emerging market stocks rose 0.28%. MSCI's broadest index of Asia-Pacific shares outside Japan closed 0.27% higher, while Japan's Nikkei .N225 rose 0.53%.

NEW YORK: U.S. stocks jumped to a sharply higher close and Treasury yields touched two-week highs on Wednesday as robust economic data, upbeat corporate guidance and easing geopolitical concerns boosted investor risk appetite.

Front-month crude futures dropped following a report that U.S. stockpiles of crude and gasoline unexpectedly surged last week.

All three major U.S. stock indexes advanced and the tech-laden Nasdaq ended the session at a three-month high, with upbeat forecasts from PayPal PYPL.O and CVS Health Corp CVS.N fueling investor sentiment.

"It's about the fundamentals, it's all about earnings and data," said Oliver Pursche, senior vice president at Wealthspire Advisors in New York. "We've seen decent earnings, and there was robust economic news, and we had several Fed (officials) reassuring statements that the Fed would be able to bring inflation under control."

Economic data showed an unexpected acceleration of services activity and a robust increase in factory orders, suggesting that the economy was healthy enough to withstand the hawkish monetary policy from the U.S. Federal Reserve.

St. Louis Fed President James Bullard underscored that hawkishness by reiterating the central bank's intention to "be tough" on inflation until it cools down to the Fed's average annual 2% target.

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U.S. House of Representatives Speaker Nancy Pelosi's wrapped up a brief visit to Taiwan that had provoked ire from China.

The Dow Jones Industrial Average .DJI rose 416.33 points, or 1.29%, to 32,812.5, the S&P 500 .SPX gained 63.98 points, or 1.56%, to 4,155.17 and the Nasdaq Composite .IXIC added 319.40 points, or 2.59%, to 12,668.16.

European stocks closed higher, reclaiming losses suffered in recent sessions as a series of upbeat earnings helped investors look past disappointing euro zone economic data.

The pan-European 600 index rose 0.51% and MSCI's gauge of stocks across the globe gained 1.01%.

Emerging market stocks rose 0.28%. MSCI's broadest index of Asia-Pacific shares outside Japan closed 0.27% higher, while Japan's Nikkei .N225 rose 0.53%.

A drop in oil prices accelerated after a report from the U.S. Energy Information Administration showed an unexpected surge in U.S. crude and gasoline stocks, which followed the OPEC+ group of crude producers' announcement that it would increase its production by a mere 100,000 barrels per day.

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