Updated from 4:18 p.m. EDT
Stocks on Wall Street charged uphill to a glorious finish Wednesday as a reassuring earnings statement by Wells Fargo (WFC Quote) helped quell investors' skittishness about the financial sector and crude oil prices fell substantially for the second day in a row.
The Dow Jones Industrial Average soared 276.74 points, or 2.5%, to 11,239.28, while the S&P 500 was up 30.45 points, or 2.5%, to 1245.36. The Nasdaq jumped 69.14 points, or 3.1%, to 2284.85.
Wells Fargo delivered second-quarter earnings that were lower than the year-ago results but ahead of analyst expectations. The bank also announced it would raise its dividend 10%. Shares barreled up 33% to $27.23, taking much of the banking sector along for the ride. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,405.83 | 1,102.35 | 2,190.86 | 34.82 |
Oil *
71.98
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UP
68.78
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UP
6.41
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UP
7.13
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UP
0.59
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10 Yr
3.48%
SPDR Gold
110.82
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+0.67%
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+0.58%
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+0.33%
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+1.72%
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