Banks and other financial companies have led US stocks upwards, nudging the Nasdaq composite index to an all-time high.

Banks and other financial companies have led a slide in US stocks, erasing some of the gains from a day earlier when indexes soared to record highs.

World stocks rebounded yesterday helping to pare some of the worst January losses since the crash, but experts warn that underlining concerns about the Chinese economy and global economic health will likely persist.

The US stock market rose yesterday, but it was a glitch on the Nasdaq exchange that became the day’s big talking point.

Investors nudged the US stock market to all-time highs yesterday despite a handful of disappointing economic reports.