Gains in financial shares helped U.S. stocks reverse early losses on Wednesday, ...
- Gains in financial shares helped U.S. stocks reverse early losses on Wednesday, although investors were guarded amid worries about a recession and trade tensions between the United States and China.
FILE PHOTO: A trader works on the trading floor at the New York Stock Exchange at the opening of the market in New York City, U.S., August 26, 2019. REUTERS/Andrew Kelly The financial sector .SPSY was up 0.88%, clawing back some of the losses from the previous session that was triggered by a deepening of the U.S. Treasury yield curve inversion, widely considered as a harbinger of a slowdown.were also supported by a 1.44% jump in energy .SPNY stocks after industry data showed a fall in stockpiles of U.S. crude, boosting oil prices.
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