The Dow Jones industrial average surged yesterday as investors snapped up shares of the companies that were battered in last week's sell-off. The Dow's strength lifted other market measures out of a slump caused by lingering worries that interest rates are headed higher.
On Wall Street, the Dow rose 201.66 to 10,940.53, its steepest point gain since January 7th.
Broader market indicators also finished higher in a volatile session.
According to preliminary calculations, the Standard and Poor's 500 rose 34.30 to 1,394.46, and the Nasdaq composite index rose 53.37 to 3,940.44.
READ MORE
Declining issues outnumbered advancers by an eight-to-seven margin on the New York Stock Exchange, with 1,613 down, 1,469 up and 457 unchanged.
