Stock market rebounds as index rises by 0.2 per cent

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At 9:54 a.m. ET the Dow Jones industrial average was up 317.16 points, or 1.32 percent, at 24,296.26.

Excluding food and energy prices, core consumer price index rose by 0.2 percent March, matching the increase seen in the previous month.

The president's taunting added to the list of challenges for stocks, ranging from trade tensions with China to a user privacy crisis at Facebook that has lawmakers talking about more regulation of tech companies.

The Dow Jones Industrial Average fell 572.46 points, or 2.34 per cent, to 23,932.76, the S&P 500 lost 58.37 points, or 2.19 per cent, to 2,604.47 and the Nasdaq Composite dropped 161.44 points, or 2.28 per cent, to 6,915.11.

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The Russell 2000 is down 21.05 points, or 1.4 percent.

In overseas trading, stock markets across the Asia-Pacific region turned in a mixed performance during trading on Wednesday.

West Texas Intermediate crude rose 2% to $66.82 a barrel. JPMorgan Chase (Swiss: JPM-USD.SW - news), Citigroup (NYSE: C - news) and Wells Fargo (Swiss: WFC-USD.SW - news) will kick off the earnings season on Friday.

Analysts expect quarterly profits for S&P 500 companies to rise 18.5 percent from a year ago, which would be the biggest gain in seven years, according to Thomson Reuters I/B/E/S. On the Nasdaq, 1,986 issues rose and 790 fell for a 2.51-to-1 ratio favoring advancers.

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Stocks are opening lower on Wall Street as the market gives back some of its gains from a day earlier.

The S&P 500 index showed two new 52-week highs and no new lows, while the Nasdaq recorded 20 new highs and 12 new lows.

US stocks are climbing in midday trading as technology companies, banks and industrial companies rally.

Wall Street has another thing to worry about: rising geopolitical tensions after President Trump warned of a US strike on Syria.

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Equity futures extended losses just before 7 a.m. ET as Trump tweeted for Russia to "Get ready" because missiles would "be coming, nice and new and 'smart!'" Trump has been weighing whether to strike Syria over a suspected chemical weapons attack of a rebel-held town Saturday that left dozens of people dead and that the U.S. and local aid groups have blamed on the Russian-backed Syrian government. The Nasdaq composite added 135 points, or 2 percent, to 7,050. While the U.K.'s FTSE 100 Index edged down by 0.1 percent, the French CAC 40 Index dropped by 0.6 percent and the German DAX Index slid by 0.8 percent.

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