US stocks rebound after strong economic updates, as oil prices stopped spiking

NEW YORK, United States — The U.S. stock market rebounded Wednesday from two days of punishing swings after oil prices stopped spiking and reports gave encouraging updates on the economy. The S&P 500 rose 0.8 percent and made back most of its losses since the war with Iran began. The Dow Jones Industrial Average climbed 238 points, or 0.5 percent, and the Nasdaq composite climbed 1.3 percent. The strength followed a scary start to Wednesday, when South Korea’s Kospi stock index plunged 12.1 percent for its worst loss in history. Uncertainty about the war has sent prices in financial markets […]... Keep on reading: US stocks rebound after strong economic updates, as oil prices stopped spiking