Wall Street rebounded on Wednesday as investor optimism got a boost from U.S. Pr...
All 11 major sectors of the S&P 500 ended the session in positive territory, with energy .SPNY enjoying the biggest percentage gain, boosted by a 4.0% jump in crude prices CLc1.Shares of Johnson & Johnson advanced 1.6% after recent tests showed its baby powder was asbestos-free. U.S. Food and Drug Administration investigations reported trace amounts of the carcinogen in the product earlier this year.
On the economic front, market participants largely shrugged off weak November data from ADP, which reported fewer private payroll additions than expected, and from the Institute for Supply Management’s PMI report, which showed the services sector’s growth losing steam.FILE PHOTO: Traders work on the floor at the New York Stock Exchange in New York, U.S., November 27, 2019.
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