Wall Street finishes higher in rebound



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Merchants in New York

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Wall Street shares closed higher, rebounding after a deadly trading session on Wednesday.

The strong performance of companies, including technology companies Microsoft and Twitter, has helped strengthen US trade.

The Dow Jones finished up 1.6%, the S & P 500 nearly 1.9% and Nasdaq more than 3%.

The gains followed the more stable transactions recorded earlier on the European markets, which calmed investors after the declines recorded in Asia.

The benchmark in London, the FTSE 100, closed up 0.6%, while the broader index, the FTSE 250, added 0.7%.

Frankfurt Dax and Paris Cac performed even better, with 1% and 1.6% respectively.

Previously, Tokyo shares had fallen by more than 3%.

Investors were baffled by corporate earnings prospects amid signs of slowing global growth, particularly in China.

US companies also report rising costs due to labor shortages and commercial rates.

Wednesday 's losses pushed the Dow Jones Industrial Average and the S & P 500 under their starting point early in the year.

However, on Thursday, trade resumed ground.

Microsoft recorded some of the Dow's biggest rises, up more than 5.8% after the quarterly results that pleased investors.

Twitter shares jumped more than 15% after sales and earnings exceeded expectations.

The month of October tends to be the most volatile month for the US stock market, but the sharp fluctuations mark a change from the steady increase in trade recorded last year.

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