Banks and other financial companies led U.S. stocks higher in afternoon trading Wednesday as the market bounced back from losses a day earlier. Technology stocks were among the big gainers. Energy companies also rose as the price of crude oil headed higher. Utilities and real estate companies lagged the broader market rally.
European stocks closed at a two-month low, with the euro pulled lower intraday while the pound leapt as investors reassessed policy stances at both the European Central Bank and the Bank of England.
U.K. blue-chip stocks finish with losses Wednesday, hit by the pound powering higher and as shares in asset managers helped lead the way lower in the wake of new rules for the industry.