U.S. stocks closed slightly higher on Wednesday, amid a sharp rebound in oil prices, while the Dow snapped a seven-day slide.
The Dow Jones industrial average closed about 40 points higher. Goldman Sachs and Apple contributed the most gains on the Dow. The S&P 500 ended 0.3 percent, led higher by financials and energy, and the Nasdaq outperformed, rising about 0.4 percent higher as Apple rose 1 percent.
The Dow Jones industrial average closed 41.23 point higher, or 0.23, at 18,355, with JPMorgan Chase leading advancers and Pfizer the greatest laggard.
Asian stocks rebounded after the worst decline in five weeks as Japanese shares climbed and material companies led gains on the regional benchmark gauge.
The MSCI Asia Pacific Index rose 0.3 percent to 134.64 as of 9:02 a.m. in Tokyo after falling the most since June 24 on Wednesday. The measure is shaping up for its worst week since mid-June as Japanese shares slumped after additional stimulus failed to impress investors. Commodity producers and technology companies led gains on the regional gauge as nine of 10 industry groups advanced.
Reference: Bloomberg, CNBC
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