S&P 500 recovers on Wednesday

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Source: Dukascopy Bank
S&P 500 index rebounded from sharp losses on Tuesday and moved higher on Wednesday as Alcoa posted an unexpected profit. American index gained 0.74% or 10.12 points and finished at 1,368.71. Genworth Financial rallied 3.2% after BTIG LLC upgraded its stock to buy. Owens-Illinois jumped 6.9% after the glass- bottle producer predicted 1st-quarter earnings will advance more than annual 35% citing higher prices and lower costs. Apple slipped 0.4% on e-Book pricing scandal. 

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