U.S. equities and stock exchange traded funds rebounded Wednesday, with growth technology names leading the charge, as traders tried to capitalize on the biggest one-day pullback since the election.
The S&P 500 Index, along with related funds including the SPDR S&P 500 ETF (NYSEArca: SPY), iShares Core S&P 500 ETF (NYSEArca: IVV) and Vanguard 500 Index (NYSEArca: VOO), were 0.1% higher Wednesday.
The tech sector was leading the charge, with the tech-heavy PowerShares QQQ (NasdaqGM: QQQ) up 0.5% and sector-specific Technology Select Sector SPDR Fund (NYSEArca: XLK) 0.6% higher.
The bounce comes off the worst day for the equities market since the election as major indices declined over 1%.