· Stocks rose on Tuesday, but sentiment on Wall Street was dampened by lingering fears that the economy is slowing down.
The Dow Jones Industrial Average closed 140.90 points higher at 25,657.73. The 30-stock index rose as much as 279.46 points earlier in the day. The S&P 500 closed up 0.7 percent at 2,818.46 — notching its first gain in three sessions — after trading 1.1 percent higher at its high of the day. The Nasdaq Composite gained 0.7 percent to close at 7,691.52.
· European equities closed higher on Tuesday as fears over a possible recession faded and investors concentrated on corporate news.
The pan-European Euro Stoxx 600 Index was higher by almost 0.8 percent at the closing bell, with major bourses and sectors mostly in positive territory. Media stocks jumped 1 percent after the European Parliament approved an overhaul to EU copyright law that could mean big tech will have to pay media producers for their content.
· Stocks in Asia slipped in Wednesday morning trade as investor concerns over the outlook for the global economy lingered.
The Nikkei 225 in Japan declined 0.58 percent in early trade, as shares of automaker Nissan dropped more than 3.5 percent. The Topix index also fell 0.87 percent.
In South Korea, the Kospi slipped 0.57 percent as industry heavyweight Samsung Electronics saw its stock drop about 2 percent after the company said on Tuesday its first quarter earnings would likely fall short of expectations.
Meanwhile, the ASX 200 in Australia declined 0.5 percent in morning trade, with almost all sectors seeing losses.
Reference: CNBC
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