Spencer Platt/Getty Images(NEW YORK) — U.S. stocks closed higher on Wednesday after a volatile trading session.
The Dow Jones Industrial Average gained 18.78 (0.08 percent).
The tech-heavy Nasdaq climbed 30.66 (0.46 percent), while the S&P 500 went up 3.18 (0.13 percent)
Earlier in the day, stocks were sharply lower as a slowing Chinese economy weighed on equities. Trade negotiations between the U.S. and China also continue to affect the markets.
“I think the only explanation is that we’ve had this really nice rebound,” Craig Johnson of Piper Jaffray told ABC News. “We sold off really hard, and then we had a relief rally. It’s not tax law selling anymore, that’s already done, that was over in December, and Chinese industrial production was really weak.”
“Institutional investors are talking about China and what’s going on there rather than what’s going on in Washington, with the shutdown and tariffs,” Johnson added.
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