Wall Street bounces after virus-driven selloff

U.S. stocks attempted a recovery on Wednesday after a rocky start to the week that shaved off more than 6% from the main indexes on growth concerns stemming from a global spread of the coronavirus. Marquee companies including Apple Inc, Microsoft Corp and Amazon.com were some of the biggest boosts to the S&P 500, rising between 1.6% and 3%. Ten of the 11 major S&P sectors were in the black, with technology leading the charge with a 2.4% gain. The energy sector dipped 0.2%. “There has been pressure on some high-quality names, particularly in sectors that might be hit the hardest by the wider spread of coronoavirus,” Charlie Ripley, senior investment strategist, adding that investors are looking for some bargains.

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