US Stocks Bounce Back
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Mark Evans/Getty Images(NEW YORK) — Worries about a U.S.-led military strike against Syria sent most overseas markets lower on Wednesday. But U.S. stocks had their best session in almost a week.
The Dow Jones Industrial Average closed up 48.38 points at 14,824.51. Though, the blue chips index is down 5.3 percent since its Aug. 2 high, it has increased 13 percent for the year.
The Nasdaq Composite finished the session at 3,593.35, adding 14.83 points, while the S&P gained 4.48 points, closing at 1,634.96.
Energy stocks led Wednesday advances. The price of oil edged down from $112 a barrel overnight and traded at around $110.
Meanwhile, the latest figures from the government show the improvement in the job market is widespread. The Labor Department says unemployment rates fell in two-thirds of the nation’s largest metro areas in July. The nationwide unemployment rate fell to a four-and-a-half-year low of 7.4 percent last month as employers added 162,000 jobs.
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