U.S. Stocks Rebound after Strong Economic Updates and an Easing of Oil Prices

The U.S. stock market is rebounding Wednesday from two days of punishing swings after oil prices stopped spiking and reports gave encouraging updates on the economy.

The S&P 500 rose 1 percent and is on track to erase all of its loss since the war with Iran began. The Dow Jones Industrial Average was up 319 points, or 0.7 percent, with an hour remaining in trading, and the Nasdaq composite was 1.5 percent higher. 

The strength followed a scary start to Wednesday, when South Korea's Kospi stock index plunged 12.1 percent for its worst loss in history. Uncertainty about the war has sent prices in financial markets careening up and down hour by hour this week, with most taking their cues from what the price of oil is doing.

Please select this link to read the complete article from The Associated Press.