After all the battering in recent times, US stocks improved their standards. The Dow Jones gained 277 points to close 2.5% higher. This was one of the largest one-day increases in the Dow since April 1 (this year). Of course this rally is after closing at its lowest level since July 21, 2006 on Tuesday. So nothing to get overexcited about.
The Standard & Poor's 500 added 2.5% as it bounced back from its lowest close since Nov. 2, 2005. The Nasdaq was up 3.1%. The US indices were choppy at start following a CPI (Consumer Price Index) report, which zoomed beyond 5% in the past year. This was the biggest annual jump in over 17 years.
