Technology, retailers help drive rebound in US stocks
May 16, 2018 (AP)(STLRealEstate.News) –U.S. stocks notched solid gains Wednesday, recouping some of the market’s losses from a day earlier.
Technology and health care companies drove much of the rebound, outweighing losses in safe-play stocks like utilities and real estate investment trusts. Small-company stocks fared better than the rest of the market.
Macy’s led a rally among retailers after reporting surprisingly strong results, adding to the strong wave of corporate earnings in recent weeks.