NEW YORK — A rally for Apple led Wall Street higher on Wednesday as U.S. stocks reclaimed more of their sharp losses from last week. The Standard & Poor’s 500 rose 0.7%. The Dow Jones Industrial Average added 81 points, or 0.2%, and the Nasdaq composite climbed 1.2%.

Wall Street is holding steadier following its see-saw ride that bracketed the weekend. The S&P 500 was up 0.1% in early trading Tuesday. The index is coming off its best

Wall Street opened higher on Wednesday, as ongoing optimism about Federal Reserve interest rate cuts kept markets afloat and investors assessed a fresh wave of corporate earnings.

Global stocks rose for a second session on Tuesday and the U.S. dollar steadied as investors raised bets the Federal Reserve would act to prop up the world's largest economy.