U.S. equities approached all-time highs in an across-the-board rally as investors snapped up shares that had been beaten up lately during a rotation to value stocks.
Gold rebounded, the dollar weakened and Treasury yields climbed to almost seven-week highs. The S&P 500 recovered from Tuesday’s late-afternoon swoon, led higher by the commercial services, technology and health care sectors. The Nasdaq Composite outperformed the benchmark index as Apple Incoporated, Microsoft Corporation and Tesla Incorporated jumped. In Europe, advances in HSBC Holdings offset drops in technology and real estate shares.
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