The U.S. stock market rebounded from the previous day’s selloff to close slightly higher Wednesday as gains in tech stocks helped lift the main indexes. However, a 7% drop in Nike Inc.
shares weighed on Dow industrials, which posted a fifth consecutive decline. The S&P 500
advanced 4.43 points, or 0.2%, to 2,348.45, with technology shares leading the gains. The Nasdaq Composite
closed 27.82 points, or 0.5%, higher at 5,821.64. The Dow Jones Industrial Average
closed 6.84 points, or less than 0.1% lower at 20,661.17, extending a losing streak to a fifth day.