Wednesday Dow springs ahead almost 200 points

Airlines stock lead the charge, Dow at 11,142, up 163 and rising.

NEW YORK (AP) — The stock market is rebounding a day after a big-sell off brought on by concerns over a slowdown in China.
Stocks rose in midday trading Wednesday, regaining much of the ground lost the day before, as traders saw overnight gains in China as an encouraging sign that the country’s surprise interest rate hike will not dampen the global economy.
A batch of mainly positive corporate earnings reports from companies like Delta Air Lines Inc. and Boeing Co. also helped send the stock market broadly higher in late morning trading.
The Shanghai Composite Index, China’s main stock market benchmark, rose 0.2 percent in overnight trading. Those gains “helped create a more constructive tone for the trade this morning,” said Nick Kalivas, an equity analyst for MF Global.
The Dow Jones industrial average rose 155.0, or 1.4 percent, to 11,133.62. The broader Standard and Poor’s 500 index was up 15.5, or 1.3 percent, to 1,181.43, and the technology-focused Nasdaq composite index was up 29.8, or 1.2 percent, to 2,466.83.

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