U.S. stocks surge in big Wednesday rally

New York Stock Exchange
(Image credit: Getty Images)

The Dow Jones Industrial Average posted an impressive 619-point gain on Wednesday. The Dow's 3.9 percent surge, following a six-day downturn largely caused by anxiety surrounding China's economic troubles, marks the biggest daily point gain since 2008, and the third largest single-day point gain in the Dow's history. The S&P 500 also rose 3.9 percent — its biggest one-day surge since 2011.

Markets in Europe also rose slightly higher Wednesday, but in China, stocks continued their freefall, closing down 1.3 percent.

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