Major U.S. stock indices rose on Wednesday, while the price of U.S. West Texas Intermediate (WTI) crude oil dropped by more than $6, reaching $95.45 per barrel.
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The Dow Jones Industrial Average climbed 612 points today to reach 49,910 points, an increase of 1.24%.
The tech-heavy Nasdaq Composite surged 512 points to reach 25,839 points, a gain of 2.02%.
Additionally, the S&P 500 index rose by approximately 106 points to reach 7,365 points, marking an increase of 1.46%.