Nasdaq jumps for a second day as investors continue to buy the January tech dip, Dow up 200 points; European stocks close higher amid strong earnings
U.S. stock rose on Wednesday as investors digested another batch of corporate earnings, and tech shares looked to build on their rebound.
The Dow Jones Industrial Average rose 250 points, or 0.7%. The S&P 500 gained 1.1%, and the Nasdaq Composite jumped nearly 1.6%.
Shares of Norwegian Cruise Line Holdings and Delta Air Lines rose more than 4% on Wednesday as concerns about omicron fade from the market. New York State announced on Wednesday that it was lifting its indoor mask mandate.
On the earnings front, Chipotle rose more than 9% on the back of its strong quarterly numbers, while Lyft gained 3% despite announcing it had fewer active riders than in the prior quarter.
Solar stock Enphase Energy surged 16% after the company beat estimates on the top and bottom lines for the fourth quarter and delivered upbeat guidance. The result appeared to boost other stocks in the burgeoning industry as well, with SolarEdge Technologies jumping 8%.
The pan-European Stoxx 600 provisionally closed up by 1.7%, with autos surging 4% to lead the gains as all sectors and major bourses ended in positive territory.
Earnings were a key driver of individual share price action in Europe on Wednesday. Danish mineral wool manufacturer Rockwool International soared nearly 20% to lead the Stoxx 600 after its fourth-quarter report, while Dutch payment company Adyen jumped 11.5% after strong second-half results.
Source: CNBC, Investing.com