Wall Street chalks up biggest gain in four years

Wall Street racked up its biggest one-day gain in four years on Wednesday as fears about China's economy gave way to bargain hunters emboldened by expectations the US Federal Reserve might not raise interest rates next month. Led by Silicon Valley stalwarts Apple, Amazon and Google, the surge put the brakes on a six-day losing streak that saw the S&P 500 surrender 11 per cent. All 10 major S&P 500 sectors jumped, led by a dizzying 5.3 per cent jump in the technology index .SPLRCT, its largest one-day rise since 2009. The Dow Jones industrial average .DJI finished 3.95 per cent higher at 16,285.51. Its gain of 619.07 points was its biggest since 2008, according to Reuters.

-Shuvo-