Stocks rebounded Wednesday, recouping their losses from the day before as investors looked through the latest corporate earnings news. The Dow Jones industrial average had its biggest gain in five weeks.
Tiffany jumped 9 percent after the jewelry seller said its earnings spiked 50 percent in the first quarter. Netflix rose 5 percent after saying it would expand its streaming video service into Germany, France and four other European countries later this year.
The Dow Jones industrial average rose 158.75 points, or 1 percent, to 16,533.06.
The Standard & Poor’s 500 index added 15.20 points, or 0.8 percent, to 1,888.03.
The Nasdaq composite gained 34.65 points, or 0.9 percent, to 4,131.54.
For the week:
The Dow Jones industrial average rose 41.75 points, or 0.3 percent.
The Standard & Poor’s 500 index rose 10.17 points, or 0.5 percent.
The Nasdaq composite rose 40.95 points, or 1 percent.
For the year:
The Dow is down 43.60 points, or 0.3 percent.
The S&P 500 index is up 39.67 points, or 2.2 percent.
The Nasdaq is down 45.05 points, or 1.1 percent.