Easing commodity prices spark US stock rally
Mar 10, 2022 - 02:59 AM
ISTANBUL (AA) – US stocks closed higher Wednesday as commodity prices declined significantly.
The blue chip Dow Jones industrial average gained 2%, or 653.61 points, to 33,286.25.
The S&P 500 was up 107.18 points, or 2.57%, to close at 4,277.88.
The tech-heavy Nasdaq also ended in positive territory, rising 459.99 points, or 3.59%, at 13,255.55.
European stocks also closed midweek with huge gains while Turkiye’s benchmark stock index ended at 2,042.70 points, up 1.56% from its previous close.
Stocks in Asia were mixed at the close.