Business

US stocks bounce back a day after big loss

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One day after logging its worst performance of the young year, the stock market bounced back with its best day of 2014. Tech stocks led the gains as analysts raised their assessments of Intel and electronics firm Jabil Circuit. A Commerce Department report on December retail sales also boosted investor confidence. Excluding spending on autos, gas, and building supplies, sales rose 0.7 percent. That was better than a 0.4 percent increase forecast. Investors were also watching results from JPMorgan Chase and Wells Fargo. Both rose on mixed reports. In commodities trading, the price of oil climbed 79 cents to $92.59.

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