U.S. stocks ended sharply higher on Wednesday, as the industrial and financial sectors led the way. The Dow Jones Industrial Average rose 553.16 points, or 2.21%, to 25,548.27. The S&P 500 added 44.36 points, or 1.48%, to 3,036.13. The Nasdaq Composite gained 72.14 points, or 0.77%, to 9,412.36.
Oil futures retreated Wednesday, with benchmark U.S. prices ending down by more than 4%, pressured by news reports that said Russia was in favor of easing up on supply cuts as planned in July. West Texas Intermediate crude for July delivery fell $1.54, or 4.5%, to settle at $32.81 a barrel. July Brent crude lost $1.43, or nearly 4%, at $34.74 a barrel.
Leave a Reply
You must be logged in to post a comment.