Stock – Wall Street Opens Higher as Cyclicals' Recovery Gains Strength

This post was originally published on this site — U.S. stock  markets opened mostly higher again on Wednesday, with cyclicals and old-economy stocks leading the charge, recovering some of their underperformance vis-a-vis tech stocks and defensives over the last couple of months. 

By 9:37 AM ET (1337 GMT), the Dow Jones Industrial Average was up 340 points or 1.4% at 25,335 points, while the S&P 500 was up 0.8%, while the extent of the rotation out of tech stocks was illustrated by the Nasdaq Composite falling 0.2%.

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