US stocks end sharply higher; Dow soars 600 points

SHARE US stocks end sharply higher; Dow soars 600 points
SHARE US stocks end sharply higher; Dow soars 600 points

NEW YORK — U.S. stocks are closing sharply higher, giving the stock market its best day in close to four years.

Stocks are rebounding from a six-day slump that was prompted by concerns about the health of the Chinese economy.

The Dow Jones industrial average climbed 619 points, or 4 percent on Wednesday.

The Standard & Poor’s 500 index jumped 72 points, or 3.9 percent, to 1,940. That’s the biggest gain for the index since November, 2011.

The Nasdaq composite surged 191 points, or 4.2 percent, to 4,697.

Treasury notes fell, pushing up the yield on the benchmark 10-year note to 2.18 percent from 2.07 percent on Tuesday.

Cameron International, a maker of equipment for the oil industry, jumped 41 percent after Schlumberger said it was buying the company in a cash-and-stock deal.

The Latest
Lynn, who hasn’t pitched this year because of a knee injury, said, “You miss competing. You miss being part of the team.”
Lucas Giolito worked out of trouble early and finished strong over six innings of one-run ball Wednesday, exiting with a 2.63 ERA.
Ross said he took issue with the umpires not meeting to discuss whether Reds reliever Hunter Strickland had intentionally hit Cubs slugger Patrick Wisdom in the ninth inning.
After Monty’s unexpected death on Montrose Beach May 13 — and Rose’s unexpected absence — volunteers and piping plover fans came together to honor the couple’s memory.