U.S. stocks rallied Wednesday after oil posted its biggest gain in weeks and investors' concerns about the coronavirus fade WSJWhatsNow
U.S. stocks rallied Wednesday, nearly erasing the losses sparked by reaction to China’s coronavirus outbreak, while oil prices posted their biggest gain in more than a month.
The Dow Jones Industrial Average increased 343 points, or 1.2%, in afternoon trading. The S&P 500 advanced 0.8%. Both indexes are in within 1% of their January records. The tech-heavy Nasdaq Composite Index moved 0.1% higher, a day after it set another closing record.
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