Stocks closed broadly higher on Wall Street Wednesday as the market snapped back from its recent tumble.
Communications and other tech companies that suddenly lost their momentum late last week on worries their stocks soared too high all regained some ground. They helped give the S&P 500 index its best day in three months as it recouped a little more than a quarter of its losses from the prior three days.
The S&P 500 rose 67.12 points, or 2%, to 3,398.96.
The Dow Jones Industrial Average climbed 439.58 points, or 1.6%, to 27,940.47.