Stocks Ended Higher, Crude Oil Prices Rebounded

U.S. stocks ended sharply higher on Wednesday after the Senate passed of a deal to inject more fiscal stimulus into the economy. The Dow Jones Industrial Average rose 456.94 points, or 1.99%, to 23,475.82. The S&P 500 added 62.75 points, or 2.29%, to 2,799.31. The NASDAQ Composite jumped 232.15 points, or 2.81%, to 8,495.38 points.

Oil prices ended sharply higher on Wednesday as a rise in U.S.-Iran tensions and declines in U.S. crude output prompt a rebound from a 21-year low. June West Texas Intermediate crude rose $2.21, or 19.1%, to settle at $13.78 a barrel. June Brent crude tacked on $1.04, or 5.4%, at $20.37 a barrel.