Dow Jones Recovers 900-Point Tuesday Fall in Two Sessions Amid TACO Trade

• Wall Street benchmark indices extended gains for a second straight session, with Dow Jones recovering its entire 900-point fall from Tuesday.
• The S&P 500 and Nasdaq also ended higher, nearing recovery of their Tuesday losses, as small-cap stocks outperformed.
• Weak US Dollar boosted haven assets; Gold tested $4,950/ounce, Silver touched $96/ounce, while crude oil prices fell.
• Intel shares dropped 12% despite an earnings beat, due to disappointing guidance and supply issues.
• US Q3 GDP grew 4.4% (fastest in two years), jobless claims fell, and PCE data aligned with estimates, but savings rate hit a 2022 low.

Why It Matters: Dow Jones fully recovered its Tuesday losses in two sessions, driven by market optimism and strong economic data.