Tech and energy stocks make a comeback after sell-off wipes out Wall Street's gains for the year

pulse

November 21, 2018 6:54 PM

Stocks rose Wednesday as oil prices steadied, a day after a series of steep selloffs led by energy and technology companies wiped out 2018 gains.

Oil and technology stocks, which have recently fallen into bear markets, climbed higher.

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West Texas Intermediate Brent

Meanwhile, the Commerce Department said new orders for key capital goods made in the US were unexpectedly unchanged last month and that shipments were slightly higher. Economists polled by Reuters estimated core capital goods orders rose by 0.2% in October.

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