High-momentum tech stocks led the market rally Wednesday. Among them, Apple (AAPL) jumped more than 3%, Google (GOOGL) added $12.44 a share, Microsoft (MSFT) climbed nearly 3%, while Intel (INTC) gained 62 cents a share. Stocks rebounded following Tuesday’s slump as Wall Street saw another day of big moves. The Dow and S&P 500 recovered after re-entering a correction earlier this week. The Fed released its Beige Book, an anecdotal account of conditions in the twelve Fed districts. The Fed said U.S. economic activity continued to expand from July to mid-August, despite a drag in the energy sector, and that the districts expect growth to remain at its current pace.
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