NEW YORK: Wall Street stocks rocketed higher on Wednesday , boosted by a strong performance by US presidential candidate Joe Biden in the Super Tuesday primaries and extending a run of volatility amid coronavirus worries.US indices last week suffered their biggest weekly losses since 2008. The roller-coaster continued this week, with stocks surging on Monday and plunging on Tuesday before Wednesday's rally recovered some of the ground.
The broad-based S&P 500 jumped 126.75 points to end the day at 3,130.12, while the tech-rich Nasdaq Composite Index surged 334.00 points to close at 9,018.09. But markets on Wednesday focused on election results from Tuesday in which former vice president Biden re-established himself as a frontrunner, winning at least nine and possibly 10 of the nomination contests held across 14 states.
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Source: BusinessTimes - 🏆 15. / 51 Read more »