Business: U.S. Stocks Claw back after Christmas

U.S. stocks rallied Wednesday, rebounding from a recent selloff fueled by concerns about economic growth and tensions in Washington.

In midday trading, the blue-chip index climbed 500 points, or 2.3%, to 22303. The S&P 500 added 2.4% and the Nasdaq Composite rose 3.1%. All of the 11 sectors in the S&P 500 notched gains, led by the consumer-discretionary and technology groups that powered the index higher for much of the year.