U.S. Stocks Close Higher in Rebound; Nasdaq Out of Correction

Financial Markets Wall Street
AP

U.S. stocks closed sharply higher Wednesday, trying to recover from the worst start to a September in 13 years, NBC News reported. 

The Dow Jones industrial average quickly gained 293 points as the major averages advanced more than 1 percent to bring the S&P 500 out of correction, or less than 10 percent away from its 52-week high.

U.S. stocks closed nearly 3 percent lower on Tuesday for the worst first day of September trade since 2002.

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