Tuesday, September 27, 2022

US stocks rose, Dow Jones up 5%


Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com

US stocks ended higher Wednesday after rallying to pressure in Monday’s session, and the Dow fell 650 points to record Wall Street worst on Christmas night.

The Dow Jones Industrial Average rose 5% to 22878.4 points, gaining 1086.2 points. Standard & Poor’s 500 rose 4.9% to 2467.7 points, and Nasdaq rose 5.8% to 6,554.3 points.

The energy sector was among Wall Street’s biggest gainers, upsurge more than 6%, with oil prices gaining more than 8.5% at Wednesday’s close.

The retail sector also rose strongly with sales at the fastest pace in six years during the US holiday season, as well as gains in technology stocks led by Amazon, which rose more than 7%.

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