U.S. stocks end higher on Wednesday

Chipmaker Qualcomm slumped 9.4 percent after disclosing that it faces allegations from the Korean Fair Trade Commission that its licensing practices violate Korean competition law, triggering monetary penalties.

This week’s bounce followed the worst week for the S&P since August, brought on by a broad selloff in commodities that dragged down the broader markets, particularly energy companies. The profit warning sent shares of peers Anthem and Aetna down more than 5 per cent.

The S&P is up 60.54 points, or 3 percent.

It would be the best for the S&P 500 this year.

Tesla (TSLA.O) lost 0.81 percent after it said it was recalling 90,000 Model S sedans to check for a possible seatbelt defect.

Economic data showed the number of Americans filing for unemployment benefits fell last week, supporting the Federal Reserve’s view of a strengthening labour market ahead of its meeting next month.

United States interest rates futures implied a 72 percent chance of a liftoff next month, up from 64 percent on Tuesday.

Advancing issues outnumbered decliners on the NYSE by 2,048 to 637.

U.S. stocks are set to open higher, albeit under the shadow of more terrorist activity in Europe.

US stocks were also higher amid monetary policy talk from the European Central Bank and the Federal Reserve. The Fed has taken such pains that many several emerging market and other central bankers for a few time have been telling the Fed to just do it. Fischer added that it remains to be seen whether the emerging market countries in Asia and the world are sufficiently prepared for the potential capital flows and market adjustments so that there are no major macroeconomic consequences.

Oil prices edged higher, as West Texas Intermediate rose 0.26% to $41.83, while Brent rose 1.01% to $44.63 a barrel, while gold spot declined 0.09% to $1,081.25.

“We expect that over the next year, the focus will shift from unit growth (which is slowing given a maturing smartphone market) to installed base monetisation and recurring revenues (“Apple-as-a-Service”), Goldman analyst Simona Jankowski and her team wrote in a note, Bloomberg reported”.

In the Dow, gains in shares of Intel and those of Coca-Cola, last trading 3.6 percent and 2.2 percent higher respectively, outweighed slides in shares of UnitedHealth and those of Pfizer, down 5.8 percent and 3.4 percent respectively. A cheaper dollar makes dollar-priced metals more affordable for non-U.S. investors. (S) were down 5.4% after the company said it has signed a $1.2 billion sales and leasing pact (http://www.marketwatch.com/story/sprint-to-get-cash-infusion-with-deal-to-sell-and-lease-back-devices-2015-11-20) with newly formed Mobile Leasing Solutions LLC. The average of new claims over the past month, meanwhile, rose by 3,000 to a seasonally adjusted 270,750.