The stock market rally gained momentum Wednesday, clearing key levels. Microsoft and Micron were among 10 stocks flashing buy signals. Read More...
Reuters
Wall Street jumps with rosy outlooks from companies
U.S. stocks rallied on Wednesday, with all three major indexes ending up at least 1% as upbeat outlooks from Micron Technology and other companies eased some worries about the health of the economy. In a sign of potential further strength, the S&P 500 also closed above its 50-day moving average for the first time since March 6, before the onset of the bank crisis, and the CBoe volatility index, Wall Street’s fear gauge, ended at its lowest level since March 8. Micron shares shot up 7.2%, boosting the Nasdaq and S&P 500, and leading gains in the PHLX semiconductor index, which closed 3.3% higher.
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