By Associated Press | PUBLISHED: September 4, 2019 at 5:22 pm | UPDATED: September 4, 2019 at 5:24 pm By ALEX VEIGA Technology companies led stocks broadly higher on Wall Street Wednesday, erasing the S&P 500’s losses from a day earlier. Traders pivoted to riskier holdings as encouraging developments overseas helped alleviate investors’ anxiety over the global economy. Lawmakers in Britain were seeking a less chaotic exit from the European Union and political tensions in Hong Kong eased. The rally reversed Tuesday’s losses, when disappointing U.S. manufacturing data and an escalation in the ongoing trade war between the U.S. and China led to a sell-off that ended a three-day winning streak for the market.“It was maybe a little bit of an overreaction yesterday to the manufacturing numbers, so that’s why we’re having a bounce back today,” said Karyn Cavanaugh, senior markets strategist at Voya Investment Management. “We had some good news on Hong Kong today, but just in general investors have to get used to the volatility.” The S&P 500 gained 31.51 points, or 1.1%, to 2,937.78. The Dow Jones Industrial Average 237.45 points, or 0.9%, to 26,355.47. The Nasdaq, which is heavily weighted with technology stocks, climbed 102.72 points,… Read full this story
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