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US stocks staged a late-day rally on Wednesday as an 8-percent jump in oil prices lifted beaten-down energy shares and financials rebounded.
The Nasdaq stayed weaker but ended well off the day’s lows.
The Dow Jones industrial average ended up 183.12 points, or 1.13 percent, to 16,336.66, the S&P 500 gained 9.5 points, or 0.5 percent, to 1,912.53 and the Nasdaq Composite dropped 12.71 points, or 0.28 percent, to 4,504.24.
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Posted in: Indian Market Tips
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