Wall Street rebounds after three-day drop, led by tech sector

Wall StreetUS stocks rose, rebounding after three days of declines, led by gains in the technology sector.

The Dow Jones industrial average gained 27.65 points, or 0.18 percent, to 15,498.32. The Standard & Poor’s 500 Index added 6.57 points, or 0.39 percent, to 1,697.48. The Nasdaq Composite Index rose 15.12 points, or 0.41 percent, to 3,669.12.

European stocks rose resuming a six-week rally after a two-day dip as positive Chinese trade data boosted mining shares while Deutsche Telekom surged on strong US results.

The FTSEurofirst 300 index of top European shares was up 0.2 percent at 1,219.99 points, having lost 0.6 percent in the past two sessions. The index has risen nearly 10 percent since late June.
Meanwhile, Japan’s Nikkei share average fell in choppy trade ahead of the settlement of the Nikkei options August contract on Friday, with investors reluctant to take on large positions amid a lack of fresh trading leads.

The benchmark Nikkei dropped 1.6 percent to 13,605.56 points, after going as high as 14,031.14 on short-covering earlier, and the broader Topix shed 1.4 percent to 1,139.59 in thin trade.

Source; Buenos Aires Herald