Stocks see biggest jump since June 2020 amid falling oil prices
By Brad Dress - 03/09/22 05:57 PM EST
The stock market rallied on Wednesday as oil prices dropped, with the S&P 500 climbing to its highest point since June 2020 and the Nasdaq to its highest level since March 2021, according to Reuters.
Stocks had fallen amid uncertainty over the Russia-Ukraine conflict and rising inflation, but regained ground on Wednesday.
According to Reuters, the The Dow Jones Industrial Average rose 2 percent, the S&P 500 climbed 2.57 percent and the Nasdaq Composite surged 3.59 percent after the market closed on Wednesday afternoon.
The Dow had previously been in correction territory, meaning it has declined 10 percent since its most recent peak, and the Nasdaq in a bear market.
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https://thehill.com/regulation/business/597595-stocks-see-biggest-jump-since-june-2020-amid-falling-oil-prices
