The Dow Jones Industrial Average gained 78.3 points, or 0.6%, at 12,837. The S&P 500 was up 9.3 points, or 0.7%, at 1353. The CBOE Volatility Index was down 6.6% at 19.49 after surging 16% in the previous session. Consumer cyclical stocks, financials and technology were among the biggest gainers in Wednesday's session. Utilities and non-cyclical consumer stocks have been the day's laggards.
NEW YORK ( TheStreet) -- Stocks finished higher Wednesday following yesterday's worst plunge of the year, on the back of better-than-expected jobs data, news that the Fed may yet aid the economy and progress on Greece's debt restructuring.
2012 Stock Predictions and Outlook
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