S&P 500 erases big losses to end up; investors buy bargains, yields…

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The S&P 500 recovered from steep early losses to end slightly higher on Wednesday as investors snapped up oversold shares and bond yields rebounded from significant lows that raised fears about a recession.

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NEW YORK (Reuters) – The S&P 500 recovered from steep early losses to end slightly higher on Wednesday as investors snapped up oversold shares and bond yields rebounded from significant lows that raised fears about a recession.

Declining issues outnumbered advancing ones on the NYSE by a 1.04-to-1 ratio; on Nasdaq, a 1.03-to-1 ratio favored decliners.

The S&P 500 posted 17 new 52-week highs and 31 new lows; the Nasdaq Composite recorded 41 new highs and 212 new lows.

Volume on U.S. exchanges was 9.05 billion shares, compared to the 7.1 billion average for the full session over the last 20 trading days.

Reporting by Caroline Valetkevitch in New York; Additional reporting by Medha Singh and Arjun Panchadar in Bengaluru; Editing by Leslie Adler and Alistair Bell


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The S&P 500 recovered from steep early losses to end slightly higher on Wednesday as investors snapped up oversold shares and bond yields rebounded from significant lows that raised fears about a recession.

Source: {authorlink}

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