Dow surges more than ONE THOUSAND points for the biggest single gain in HISTORY

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[h=2]Dow surges more than ONE THOUSAND points for the biggest single gain in HISTORY on the first day of trading after the markets took the biggest Christmas Eve plunge ever[/h]
  • Dow Jones closed up 1,086.25 points, or 4.98 per cent, on Wednesday
  • It is the stock index's largest single-day points gain in U.S. history
  • Oil prices notched biggest one-day gain in two years, sending energy stocks up
  • Despite stock market volatility, economic fundamentals including employment, wages and consumer spending numbers remain strong
 

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Trader Peter Tuchman, right, slaps a high five before the closing bell on the floor of the New York Stock Exchange, Wednesday. The Dow closed up more than 1,000 points
 

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The Dow surged on Wednesday for the largest single-day points gain in U.S. history
 

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Specialists Peter Mazza, left, and Mario Picone work on the floor of the New York Stock Exchange on Wednesday
 

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University of Wisconsin football Team Captain Alec Ingold, second from right, and University of Miami football Team Captain Jaquan Johnson, right, ring the New York Stock Exchange opening bell on Wednesday
 

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Benchmark U.S. crude climbed 8.7 percent to settle at $46.22 a barrel in New York. Brent crude, used to price international oils, gained 7.9 percent to $54.47 a barrel in London.
The pickup in oil prices helped boost energy stocks. Marathon Petroleum rose 4.8 percent to $56.93.
 

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The dollar strengthened to 111.36 yen from 110.41 yen on Monday. The euro weakened to $1.1351 from $1.1404.
Gold edged up 0.1 percent to $1,273 an ounce and silver gained 2 percent to $15.12 an ounce. Copper gained 1.5 percent to $2.70 a pound.
 

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