Stocks traded higher Wednesday, as investors waded through a flood of corporate earnings reports, with better-than-expected results from blue-chip names, including Apple, Dow and McDonalds, helping to overshadow some of the concerns related to the coronavirus outbreak.

The Dow Jones Industrial Average  rose 148 points, or 0.5%, to 28,864, while the S&P 500 index gained 11 points, or 0.3%, to trade at 3,288. The Nasdaq Composite Index advanced 27 points, or 0.3%, at 9,298.

The Dow on Tuesday rose 187.05 points, or 0.7%, to end at 28,722.85, snapping a five-day losing streak and taking back a chunk of the previous session's decline, which was the steepest one-day fall since October. The S&P 500 which has also suffered its biggest one-day drop since October on Monday, rose 32.61 points, or 1%, to finish at 3,276.24. The Nasdaq Composite closed at 9,269.68, up 130.37 points, or 1.4%.

Source : Marketwatch