Dow Surges 420 Points Amid Falling Oil Prices
The Dow Jones Industrial Average surged by 420 points on Thursday, rising to 51,882.53 as oil prices fell 3% amid easing supply concerns.
The Federal Reserve's first interest rate increase under Chair Jerome Powell also contributed to market confidence, reassuring investors about inflation control.
Crude oil prices declined further, with Brent crude futures dropping $3.85 per barrel to hit their lowest level since September 10.