The Nasdaq biotech index, which had skidded 13.5 percent over the past five days, rose 4.5 percent on Wednesday. It posted a 19.8 loss for the quarter.
For the day, the Dow Jones industrial average closed up 235.57 points, or 1.47 percent, to 16,284.7. The S&P 500 rose 35.94 points, or 1.91 percent, to 1,920.03 and the Nasdaq Composite gained 102.84 points, or 2.28 percent, to 4,620.17.
Global equities ended their worst quarter since the 2011 euro zone crisis on an upbeat note with a rally on Wednesday on hopes that Wall Street had bottomed and the commodities rout was over, while the dollar also rose.
Major equity indexes around the world declined 10 percent or more from July through September as fears mounted of a global slowdown brought on by China. Slower Chinese growth also slammed commodity prices and countries that depend on their export.
European stocks turned in their worst quarter since the depths of the euro zone debt crisis, when regional indices such as the blue-chip Euro STOXX 50 index slid 23.5 percent in the third quarter of 2011. The index rose 2.3 percent on Wednesday, but closed the quarter down 9.5 percent.
Analysts questioned the strength of the equity market’s rally, which was helped by a Chinese tax cut on small cars aimed at reviving sales in the world’s biggest auto market.
USA Technologies, Inc. (NASDAQ:USAT) reported the plunge of -10.11% and closed at $2.49, with the total traded volume of 1.85 million shares. During last trade its minimum price was $2.13 and it gained its highest price of $2.76 and has a total of 35.75 million outstanding shares. USA Technologies, Inc. (NASDAQ:USAT) a leader of wireless, cashless payment and M2M/IoT solutions for small-ticket, self-serve retailing industries, declared that it anticipates filing its 10-K for the year ended June 30, 2015 on October 1, 2015. On September 29, 2015, it filed for an extension because the company determined that it was not able to file its Annual Report on Form 10-K for the fiscal year ended June 30, 2015 (the “Form 10-K”) within the prescribed time period without unreasonable effort or expense.
American Apparel Inc (NYSEMKT:APP) reported the decline of -11.27%, after closing price for the day was $0.111. Its total trading volume for the day was 1.79 million shares, versus its average volume of 786,298.00 shares. Its earnings per share are -$0.53. American Apparel Inc (NYSEMKT:APP) designs, manufactures, distributes, retails, and sells branded fashion basic apparel products, and clothing and accessories for women, men, children, and babies. It offers T-shirts, denim, sweaters, jackets, and accessories.
Neuralstem, Inc. (NASDAQ:CUR) showing dropped of -11.59% and closed at $1.22, after gaining total volume of 1.58 million shares. Its earnings per share (EPS) is -$0.23 and its beta value stands at 1.71 points and has total market capitalization of $126.67 million and a total of 91.79 million outstanding shares. Neuralstem, Inc. (NASDAQ:CUR) a biopharmaceutical company using neural stem cell technology to develop small molecule and cell therapy treatments for central nervous system infections, announced that nine-month Phase II and combined Phase I and Phase II data on the NSI-566 trial in amyotrophic lateral sclerosis (ALS) was presented at the American Neurological Association Annual Meeting by principal investigator, Eva Feldman, MD, PhD, Director of the A. Alfred Taubman Medical Research Institute and Director of Research of the ALS Clinic at the University of Michigan Health.