Stock Buyers Step In to Fuel Bounce From Lows: Markets Wrap

Stocks rebounded from session lows after a week-long tech selloff, in the latest sign of febrile Wall Street trading ahead of Jerome Powell’s Jackson Hole speech.

Following a rout that shed billions of dollars from US equity values, buyers emerged in the last stretch of Wall Street trading. A renewed slide in big tech and signs inflation remains the predominant concern of Federal Reserve officials weighed on trading Wednesday.

Stocks bounce from lows.

Photographer: Michael Nagle/Bloomberg

But at the end of the day, the S&P 500 was down just 0.2%, with most major groups advancing. All megacaps fell, but they also trimmed losses. The Nasdaq ...