1. U.S. stock surge lifts global markets
Global stocks jumped early Wednesday, buoyed by a U.S. stock surge triggered on Tuesday by better-than-expected manufacturing news. Markets around the world also got a lift Tuesday thanks to China's decision to ease lending rules to free up money to make up for slowing growth. The Dow Jones Industrial Average on Tuesday jumped by 349 points, or 2.1 percent, in its best day since Jan. 29. The S&P 500 index gained 2.4 percent — its best March opening ever — and the Nasdaq soared even more, gaining 2.9 percent.
2. Automakers report best February U.S. sales since 2000
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