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.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More