Stocks jump as Wall Street looks to stage comeback
CNN
US stocks continued to gain Wednesday as investors tried to recover from the week’s bruising losses.
US stocks continued to gain Wednesday as investors tried to recover from the week’s bruising losses. The Dow was 202 points higher, or 0.5%, midday Wednesday after gaining more than 400 points at its session highs. The S&P 500 gained 0.8% and the Nasdaq Composite added 0.9%. CNN’s Fear & Greed Index, which measures seven barometers of market sentiment, edged higher into “fear” territory after falling to “extreme fear” on Friday. Still, the Cboe Volatility Index — Wall Street’s fear gauge — which measures bets on expected stock market volatility, fell to 24. Earlier this week, the index surged above 60. Oil prices rose on Wednesday. West Texas Intermediate crude futures, the US benchmark for oil, rose 3.5% to $75.76 a barrel. Brent crude futures, the international benchmark, ticked 3% higher to $78.80 a barrel. Japanese stocks rose 1.2% on Wednesday, extending their rally after the benchmark Nikkei 225 index on Monday saw its largest daily percentage drop since 1987. Japan was also hit hard by the appreciation of the yen after its central bank last week raised interest rates for the second time in 2024.
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