(CNBC) -- The Dow Jones Industrial Average rebounded Wednesday after a string of negative trading sessions this September.
The blue chip index rose about 236.82 points, or 0.7%, to 34,814.39. The S&P 500 ticked up about 0.9% to 4,480.70. The Nasdaq Composite traded up 0.8% to 15,161.53.
“Despite concerns about the recent downshift in economic and business cycle momentum, we remain confident that strong growth lies ahead and activity is bound to re-accelerate,” wrote JPMorgan strategist Dubravko Lakos-Bujas, in a note Wednesday. “We remain positive on the equity outlook, and expect S&P 500 to reach 4,700 by end of this year and surpass 5,000 next year on better than expected earnings.”
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