Market Highlights

Wall Street staged a cautious rebound, with the S&P 500 stuck in a tight trading range despite a rally in cryptocurrencies that followed a rough start to December. Bonds and the dollar stabilized. While the US equity benchmark rose for the sixth time in seven sessions, most of its firmsdropped. Apple Inc. led gains in megacaps, but Tesla Inc. fell as Michael Burry called the shares “ridiculously overvalued.” Boeing Co. surged 10% as it expects to generate cash again in 2026. Asian stocks traded within tight ranges on Wednesday, mirroring moves on Wall Street as investors remained cautious ahead of a slew of US economic data.