In recent weeks , big caps stocks have been under pressure , after the price valuations are not sustainable . The three major U.S. stock indices had dropped , although eventual rebound in afternoon trading .
The Nasdaq composite index moved in a range of 108.77 points and was at 3934.53 day's lows , this level has decreased 10 percent from last intraday peak .
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" The market is trying to stabilize , and investors looking for high -quality stocks that have earnings stability , " said the chief investment strategist at Key Private Bank in Cleveland , Bruce McCain , as reported by Reuters on Wednesday ( 04/16/2014 ) .
The Dow Jones Industrial Average ( DJI ) rose 89.32 points, or 0.55 percent, to 16262.56 , the Standard & Poor's 500 Index ( SPX ) gained 12.37 points, or 0.68 percent, to 1842.98 , and the Nasdaq Composite Index ( IXIC ) climbed 11.47 points, or 0.29 percent, to 4034.16 .
Shares of Coca - Cola Co. ( KO.N ) jumped 3.7 percent to USD40 , 18, as one of the biggest gainers in the S & P 500 , after the world's largest beverage maker reported quarterly earnings were better than expected , helped by strong sales in China .
While shares of Johnson & Johnson ( JNJ.N ) rose 2.1 percent to USD99 , 20 , after drugs and consumer products company posted earnings that beat expectations and raised the annual revenue projections .
Approximately 58 percent of the shares traded on the New York Stock Exchange closed higher for the day, while about 50 percent of Nasdaq-listed shares ended lower . A total of 7.62 billion shares traded on all U.S. platforms , according to data from BATS exchange , above the average of 6.87 billion .
source:http://news.okezone.com/
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