Dow Ends Day Up 306

US stocks recover ground
By Newser Editors and Wire Services
Posted May 30, 2018 3:04 PM CDT
Trader Patrick Casey, center works on the floor of the New York Stock Exchange, Tuesday, May 29, 2018.   (AP Photo/Richard Drew)

(Newser) – Stocks are closing solidly higher on Wall Street, led by gains in banks, technology and energy companies, the AP reports. Banks rose along with bond yields Wednesday after sustaining big losses a day ago. JPMorgan Chase rose 2.3%. Investors were relieved by signs that Italy might have not hold new elections after all. Global markets had stumbled the day before on worries over the possibility of new elections that could become a referendum on Europe's third-largest economy leaving the euro. The S&P 500 index rose 34 points, or 1.3%, to 2,724. The Dow Jones industrial average rose 306 points, or 1.3%, to 24,667. The Nasdaq composite climbed 65 points, or 0.9%, to 7,462. (Read more stock market stories.)

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