The WWD Global Stock Tracker leaped into record territory with its top gain since its introduction on July 8, rising 1.3 percent and replacing a three-month decline with a surplus.
The tracker followed the S&P 500 which, with a 2 percent leap to 1,941.28, enjoyed its best day of the year. The Dow Jones Industrial Average picked up 215.14 points, or 1.3 percent, to close at 16,614.81.
The WWD stock group, consisting of a worldwide sample of 100 publicly traded stocks, ended the day at 98.91. Although below its initiation point of 100 on July 8, that put it up — albeit by less than 0.1 percent — over the last three months after lagging for several weeks.
Equities appeared to pick up momentum from a lessening of tensions over issues ranging from tension in Ukraine and the threat of the Ebola crisis rather than from any specific pieces of good news. Analysts and economists are keeping a close eye on signs of further economic deceleration in Europe and Asia and mindful of the performance of major companies as third-quarter results begin to arrive.
An earnings beat by Apple Inc. lifted its shares 2.7 percent, to $102.47, contributing to a 2.4 percent gain on the Nasdaq, which closed at 4,419.48.
The largest gain among tracker stocks was a 5.8 percent vault by Debenhams Plc, which closed at 62 pence, or $1 at current exchange, followed by Safilo Group SpA’s 5.3 percent increase to 10.44 euros, or $13.36. Vince Holding Corp. was up 5 percent to $34.14 and VF Corp. ahead 4.2 percent to $66.67. Quiksilver Inc. shares rose 4.1 percent to $1.79.
While most European and Asian markets had a positive day, Tokyo’s Nikkei 225 was off 2 percent to 14,804.48. Four of the five biggest declines of the day came from Japanese firms, although the largest sell-off was Anta Sports Products Ltd.’s 5.3 percent decline to 14.56 Hong Kong dollars, or $1.88.
Fast Retailing Co. shed 2.9 percent to 36,790 yen, or $343.98, followed by Takashimaya Co.’s 2.5 percent drop to 846 yen, or $7.91. They were followed by Isetan Mitsukoshi Holdings Ltd.’s 2.4 percent decline to 1,285 yen, or $12.01, and Seven & I Holdings Co.’s 2.1 percent descent to 3,870.50 yen, or $36.19.