Wed. May 11th, 2022
(Image by Gerald Wintersperger from Pixabay)

(Image by Gerald Wintersperger from Pixabay)

(CNBC) — Stocks rebounded sharply on on Wednesday despite a continued surge in oil prices surged amid the intensifying conflict between Russia and Ukraine.

The Dow Jones Industrial Average gained 648 points, or nearly 2%. The S&P 500 added 2.1%, while the tech-heavy Nasdaq Composite rose 1.9%. The gains effectively reversed losses from Tuesday’s session.

It was a broad rally, with nearly all 30 stocks in the Dow moving higher. Shares of Caterpillar rose more than 5%, while Intel rose 4.4% and Goldman Sachs climbed 2.8%.

Read the full story ›

The post Dow rebounds nearly 600 points despite surge in oil prices, Treasury yields appeared first on WND.