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Dow Ends Day Up 369

Ending a wild day of trading
By Newser Editors and Wire Services
Posted Aug 27, 2015 3:22 PM CDT

(Newser) – US stocks are closing sharply higher after China's main stock index logged its biggest gain in eight weeks. A report also showed that the US economy expanded at a much faster pace than previously estimated. The Dow Jones industrial average climbed 369.26 points, or 2.3%, to 16,654.77 today. That took the two-day gain for the index to almost 1,000 points. The Standard & Poor's 500 index gained 47.15 points, or 2.4%, to 1,987.66. The Nasdaq composite gained 115.17 points, or 2.5%, to 4,812.71. Energy stocks surged as the price of oil jumped 10%. Bond prices were little changed from yesterday, keeping the yield on the benchmark 10-year Treasury note at 2.18%. (Read more Dow Jones stories.)

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