Dow closes more than 200 points higher, S&P 500 rebounds to stave off September slide; European stocks close lower as UK inflation soars to nine-year high 
The Dow Jones Industrial Average rebounded Wednesday after a string of negative trading sessions this September. 
The blue chip index rose about 236.82 points, or 0.7%, to 34,814.39. The S&P 500 ticked up 0.9% to 4,480.70. The Nasdaq Composite traded up 0.9% to 15,161.53. 
Some bullish economic news released before the bell Wednesday helped stabilize investor sentiment. The New York Fed’s Empire Index, a measure of manufacturing in the region, came in at 34.3 for September, way ahead of the 18 consensus estimate from FactSet and an acceleration from August. 
Energy stocks, which have been popular bets among investors banking on a big economic recovery, gained as WTI crude rose. The Energy Select Sector SPDR ETF gained more than 3%. Exxon added about 3.3%. 
Rising U.S. Treasury yields helped lift bank stocks, with Citigroup up more than 2% and Morgan Stanley about 1.2% higher. Higher interest rates typically boost bank profits. 
Microsoft shares gained more than 1% after announcing a dividend increase and a sizable $60 billion share repurchase program. 

The pan-European Stoxx 600 provisionally ended Wednesday’s session down 0.7%, with utilities shares dropping 2.7% to lead the losses as most sectors and major bourses dipped into the red. 
In terms of individual share price movement, Just Eat Takeaway fell 4.6% on Wednesday after competitor Deliveroo announced a partnership with Amazon. 
Source: CNBC, Investing.com