Iraq and the United Arab Emirates are reported to be open to increasing oil production. New York oil futures and Brent oil futures both fell more than 10% on Wednesday, and the three major U.S. stock indexes rebounded across the board on the same day.
The Dow opened more than 200 points higher and then rose steadily, up to 825 points.
Tech stocks outperformed, leading the Nasdaq up 3.6%
The Dow Jones index closed at 32,286 points, up 653 points or 2%; the S&P 500 index closed at 4,277 points, up 107 points or 2.57%; the Nasdaq index closed at 13,255 points, up 460 points or 3.59%.
New York oil futures fell 16.22% to $103.63 and closed at $108.7, down 12.12%; Brent oil futures fell as much as 17.49% to $103.63 and closed at $111.14, down 13.16%.
Financial stocks led the Dow rose sharply, Goldman Sachs rose 3.8%, American Express rose 5.37%, Morgan Stanley rose 4.01%, Visa rose 4.2%.
In addition, Salesforce rose 5.89%, Nike rose 4.74%.
Major technology stocks soared, Apple rose 3.5%, Tesla rose 4.19%, Microsoft rose 4.59%, NVIDIA rose 6.97%, Amazon rose 2.4%, Alphabet rose 4.97%, and Meta rose 4.31%.
Amazon announced that its shares would be split by 20 and repurchase $10 billion in stock, which had surged by more than 10% after the market.
U.S. stocks | Brent oil once inserted 17%, the Dow once soared 825 points, the Nasdaq rose 3.5%, Russia and Ukraine were deadlocked, the Dow once fell 800 points, and the Nasdaq entered the technical adjustment zone. Safe-haven funds flowed into the gold market New York gold futures rose more than 1% Refers to the close down 179 points, US billionaire investor: financial market reaction to Russia-Ukrainian conflict over-inflation is the big problem