US Stocks-Wall St ends higher as stocks reclaim some shine

Hardware firm Dell DELL.N surged after raising its annual profit and revenue forecast. Jack Daniel's maker Brown-Forman BFb.N rose following its quarterly profit beat. Uber Technologies UBER.N gained after the rideshare app announced it will lay off about 10% of its staff. Wall Street advanced on Wednesday, notching a partial rebound from a three-day losing streak as investors searched for deals among stocks and sectors that might have been oversold amid recent risk-off moves. All three major U.S. stock indexes gained ground, with the small-cap Russell 2000 .RUT outperforming its larger-cap peers. According to preliminary data, the S&P 500 .SPX gained 35.35 points, or 0.46%, to end at 7,666.82 points, while the Nasdaq Composite .IXIC gained 120.07 points, or 0.46%, to 26,219.85. The Dow Jones Industrial Average .DJI rose 299.37 points, or 0.56%, to 53,066.25. On the sector level, airlines .SPCOMAIR, gold and silver miners .XAU and regional banks .KRB were the frontrunners, while software and services .SPLRCIS, seen as potential victims of AI disruption, underperformed on the day. The Philadelphia SE Semiconductor Index .SOX, which has powered much of the stock market's gains so far this year but has lost nearly one-fourth of its value since late June, was on the rise, with chipmaker Broadcom AVGO.O expected to deliver second-quarter results after the bell. Nvidia NVDA.O, the chipmaker at the forefront of the AI wave, ended higher, as did peers Micron MU.O and Qualcomm QCOM.O, among others. Keeping gains in check, the market-shaking global bond selloff continued, fueled by fears over inflation and mushrooming government debt, and compounded by escalating tensions in the Middle East, which have put upward pressure on energy prices. The United States and Iran ramped up their attacks in the biggest exchange of airstrikes since July, dousing hopes of a return to the negotiating table and raising the likelihood that protracted hostilities could result in systemic inflation and force central bank leaders to raise borrowing costs. In economics, payrolls processor ADP reported fewer-than-expected private sector job adds in August, while new orders for core capital goods were downwardly revised, signalling a potential softening in U.S. corporate spending plans. International trade, second-quarter labor costs/productivity, and services PMI are among the economic reports on Thursday's docket.

US Stocks-Wall St ends higher as stocks reclaim some shine

Dell, Brown-Forman and Uber move on company updates

Wall Street ends higher after three-day losing streak

Semiconductors, airlines and regional banks lead sector gains

Bond selloff, Middle East tensions and softer data keep investors wary

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