Stocks Surge on Falling Oil Prices and Easing Bond Market Pressure
U.S. stocks rose after oil prices fell and pressure from the bond market eased.
The decline in oil prices helped to reduce inflation concerns, which in turn lifted investor sentiment and boosted stock prices.
The S&P 500 index rose by 1% to close at 4,183, while the Dow Jones Industrial Average gained 0.8% to reach 34,400.