The Hunt for the Next 10 Bagger

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U.S. stocks rally, snap 3-day losing streak
S&P 500, Dow best gain in more than 5 weeks
NEW YORK (MarketWatch) — U.S. stocks rallied on Wednesday, with the S&P 500 and Dow Jones Industrial Average recording their best one-day percentage gain in more than 5 weeks.

The rebound snapped a 3-day losing streak that has been blamed in part on worries about global growth and fighting in Iraq and Syria.

A stronger-than-expected report on new-home sales and dovish comments from two Federal Reserve officials, may have contributed to gains.

The S&P 500 SPX, +0.78% gained 15.63 points, or 0.9%, to 1,998.38. Broad-based gains were led by health care and consumer staples sectors.

The Dow Jones Industrial Average DJIA, +0.90% gained 155.02 points, or 0.9%, to 17,210.89, recovering some of the steep losses from the previous two sessions.

Meanwhile, the tech-heavy Nasdaq Composite COMP, +1.03% added 46.53 points, or 1.03%, to 4,555.22, while the small-cap Russell 2000 RUT, +0.86% — which has lagged behind the other indexes this month and this year — gained 8.9 points, or 0.8%, to 1,127.60. http://www.marketwatch.com/story/us-stocks-futures-up-new-home-sales-on-deck-2014-09-24?link=MW_latest_news