The Dow closed at 737.24 points, while WTI oil rose $2.35, gold slipped to $1,759.90 an ounce.
The Dow Jones Industrial Average closed more than 700 points higher after Federal Reserve Chairman Jerome Powell said the Fed would slow interest rate hikes.
The Dow closed at 34,589.77 points, up 737.24 points, or +2.18%.
The Nasdaq closed at 11,468.00 points, up 484.22 points or +4.41%.
The S&P500 closed at 4,080.11 points, up 122.48 points, or +3.09%.
New York West Texas Intermediate (WTI) crude oil futures closed more than 3% higher on Wednesday, buoyed by a larger-than-expected decline in U.S. crude inventories last week. Including optimism that oil demand in China will recover and the depreciation of the dollar will also support the oil market.
WTI crude oil contract for January delivery rose $2.35, or 3.01%, to $80.55 a barrel.
Brent Crude Oil (BRENT) contract for January delivery. It was up $2.40, or 2.8%, to $85.43 a barrel.
As for the gold contract, the COMEX (Commodity Exchange) market is delivered in February. down $3.80, or 0.22%, to close at $1,759.90/ounce
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