US Stocks Surge: Dow Rises 238 Points, S&P 500 Gains as Oil Jitters Ease

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US Stocks Soar: Dow Jumps 238 Points, S&P 500 Gains Amid Easing Oil Fears

A street sign marks Wall Street outside the New York Stock Exchange (NYSE) in New York City, where markets roiled after Russia continues to attack Ukraine, in New York, U.S., February 24, 2022. REUTERS/Caitlin Ochs

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CNBC TV18•05-03-2026, 03:21

US Stocks Soar: Dow Jumps 238 Points, S&P 500 Gains Amid Easing Oil Fears

•US stock markets rebounded Wednesday, with Dow Jones ending 238 points higher and S&P 500 making solid gains.
•The rally was driven by easing oil jitters, receding US economic growth concerns, and stronger-than-expected economic data.
•Technology stocks, including Micron Technology and Advanced Micro Devices, led the recovery.
•ADP reported more jobs added than anticipated, and the non-manufacturing sector showed better growth with easing inflation.
•Oil prices cooled, with Brent crude trading at $82.40 and WTI at $75.90, supported by US assurances for Gulf oil flow.

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