Wall Street rebounds after rout, Nasdaq +3.0%

The dollar rebounded modestly against the safe-haven yen as risk aversion ebbed

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There have also been disappointing quarterly earnings from several big-name companies, worldwide condemnation of Saudi Arabia - a major oil producer - over the killing of journalist Jamal Khashoggi, and concerns that the US-China trade war is causing the global economy to slow down.

The S&P 500 index jumped 1.9 percent to 2,705.57.

Markets have been rattled in recent weeks by increased worries over the impact that rising interest rates, inflation and the escalating trade dispute between the US and China may have on Corporate America. "Earnings have helped", said Robert Pavlik, chief investment strategist and senior portfolio manager at SlateStone Wealth LLC in NY.

Wednesday was rough for all the US major indexes, especially the Nasdaq.

In Europe, European Central Bank President Mario Draghi said the region's economy is still growing at a solid clip even though there are signs it has weakened somewhat recently.

On the S&P 500, Amazon - previously one of the market's star performers - was one of the biggest losers. Other big decliners: Apple slid 2.2 percent to $217.86, while Alphabet fell 4.4 percent to $1,066.22.

A turbulent day on Wall Street ended Tuesday with stocks climbing almost all the way out of a steep, broad sell-off that at one point erased more than 500 points from the Dow Jones Industrial Average.

The S&P 500 index had fallen for 13 out of the last 15 days, with a couple of huge losses last week and another on Wednesday.

Stocks are surging on Wall Street, a day after a huge rout erased the market's gains for the year.

The Nasdaq Composite Index, known for its plethora of tech stocks, lost 4.4 percent to end at 7,108.40, its worst day in seven years.

Sustained losses will likely push the index into what Wall Street calls a "correction" - a drop of 10 percent or more from the latest high.

Several big companies, including AT&T and United Parcel Service, have reported earnings or revenue this week that fell short of expectations. Shares of the third-most valuable US company jumped 6.4 percent to $108.82. She expects that to change when the dust settles.

Doug Ford slams Trudeau and federal carbon tax plan
Rebates will be determined when Canadians file taxes, either added to the refund payment or deducted from tax owing. The amount will be based on the number of adults and children in a household.

CNN releases video of alleged Khashoggi body double in Istanbul
He was visiting the Saudi consulate in Istanbul at the beginning of October for documents needed for his upcoming marriage. When the media reported a few days later that he had been killed there, they called the accusations "baseless".

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In fact, it is 20 percent of South Carolina's yearly budget. "It's a big, big win for South Carolina", Cooper said. The Associated Press reported this story. "There are few precedents for a jackpot this size".

A US Commerce Department report showing stronger-than-expected growth in the third quarter failed to bolster confidence.

Strong earnings reports from Microsoft, Visa, Comcast, Ford and other companies helped drive the market higher.

Amazon and Alphabet, longtime market favorites, plunged after reporting weak revenue.

EARNINGS SPREE: Investors were weighing the latest batch of company results in the busiest week of the quarterly earnings calendar.

Smaller, more US-focused companies have also been sinking as Wall Street worries about future growth in the U.S. economy, which is tightly connected to their profits, as well as the possibility that rising interest rates will make it tougher for them to pay back their debts.

A combination of worries have weighed on Wall Street this month, with some anxious the Federal Reserve could raise borrowing costs at a pace that may become slightly restrictive.

"Companies that show marginal weakness take a beating". USA -traded shares of WPP fell 17.5 percent to $57.75. Marathon Oil dropped 3.5 percent to $19.74. The heaviest losses came from technology companies including chipmakers Tokyo Electron and Taiwan Semiconductor Manufacturing and South Korea's Samsung Electronics. Japanese telecom and energy giant Softbank lost 4.4 per cent. Bond prices rose, sending yields lower, as investors sought out safer investments.

The share price declines also came after data on United States home sales fell to their slowest pace in almost two years, and a Federal Reserve report showed firms nationwide are anxious about the rising hit from tariffs and widespread labor shortages.

Gold rose 1 percent to $1,236.80 an ounce.

The Dow Jones Industrial Average fell 240 points, or 0.9 percent, to 24,757. Silver fell 0.3 percent to $14.63 an ounce.

The benchmark index is now 9.3 percent below the peak it reached in September. Brent crude, the benchmark for global oil prices, rose 0.9 per cent to US$76.89 a barrel.

The dollar weakened to 112.47 yen from 112.82 yen on Monday.

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