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Stocks rebound on Wall Street, S&P 500 trades above record

 

Last updated 8/12/2020 at 6:40pm



STAN CHOE and ALEX VEIGA

AP Business Writers

Stocks marched broadly higher on Wall Street Wednesday, briefly nudging the S&P 500 above its all-time closing high set in February, before the coronavirus pandemic led to a historic market plunge.

The benchmark index notched a 1.4% gain, its eighth in nine days. It ended within 0.2% of its record high from Feb. 19, before the coronavirus prompted the sudden shutdown of much of the economy.

Big technology stocks led the way higher once again. Health care and communication services stocks also had a strong showing. The rally followed gains for sto...



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