A look at the day's headlines in business news:
Dow holds triple-digit gains
Stocks rebounded to end sharply higher Wednesday, following the worst session in more than two months.
Investors digested a mixed batch of financial results and shrugged off a tepid report on regional economic conditions.
The Dow Jones industrial average added 129 points, or 1.2 percent, to end at 11,107.97. The S&P 500 gained 12 points, or 1.1 percent, to close at 11,178.17, and the Nasdaq rose 20 points, or 0.8 percent, to settle at 2,457.39.
Gains were broad-based in the recovery from Tuesday's rout, with 27 of the 30 blue-chip Dow components ending higher. Airline stocks received a boost following Boeing's upbeat earnings, but financial shares lagged on mixed reports from big banks.
Treasury yields steady after Fed's Beige Book
Treasury prices ended the session flat Wednesday as investors continued to anticipate action from the Federal Reserve to boost the struggling economy.
Yields for the benchmark 10-year note held steady at 2.48 percent. The 2-year and 5-year note yields were also unchanged, while the yield on the 30-year bond dipped slightly to 3.89 percent from 3.9 percent Tuesday.
Treasury prices got a lift Tuesday, as China's surprise rate hike and mixed corporate news fueled investors' flight to safety within U.S. government debt, triggering deep losses in the stock market.
– CNNMoney.com reporters Julianne Pepitone and Hibah Yousuf contributed to this report.