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Global Stocks: U.S. stock indices rose
U.S. stock indices climbed on Wednesday, although concerns about global economic growth persisted. Traders are waiting for a U.S. payrolls report, which will be published on Friday.
The Dow Jones Industrial Average rose 293.03 points, or 1.8%, to 16351.38 (29 out of its 30 components advanced). The S&P 500 gained 35.01, or 1.8%, to 1948.86. The Nasdaq Composite rose 113.87, or 2.5%, to 4749.98.
Yesterday Automatic Data Processing reported that private sector of the U.S. economy added 190,000 jobs in August after the 177,000 rise in July (revised down from 185,000). Economists had expected a 201,000 reading for August.
This morning in Asia the Nikkei added 252.20 points, or 1.39%, to 18,347.60. Chinese markets are on holiday due to anniversary of the end of World War Two in Asia.
Japanese stocks were supported by gains in U.S. stocks and a weaker yen. Such exporters as Nissan Motor and Toshiba climbed more than 3% each.
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