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Wall Street bounces back and recovers previous declines

FXStreet (San Francisco) - The US stocks bounced back on Wednesday and it recovered almost all this week's losses as investors welcomed upbeat housing data and news from China that the government is considering to replace PBoC's head.

The Nasdaq and the S&P stopped three days of declines while the Dow posted triple-digit gain.

The DJIA rallied 154.19 points or 090% to finish at 17,210.06; the S&P 500 added 15.53 pts or 0.78% to 1,998.30; and the Nasdaq Composite won 46.53 pts or 1.03% to close the session at 4,555.22.

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