Dow Surges Over 500 Points as Healthcare Shares Lead the Charge

The Dow Jones index surged by over 500 points on Wednesday, marking a significant gain in the US stock market.

According to Benzinga, the Dow traded up 0.94% to 54,592.81, while the NASDAQ rose 0.45% to 26,705.30, and the S&P 500 gained 0.68% to 7,788.79.

Healthcare shares led the charge, jumping by 1.5%, while utilities stocks fell by 0.9%.

Walt Disney Co. (NYSE:DIS) reported better-than-expected fiscal third-quarter earnings, with adjusted earnings increasing to $2.06 per share, beating the analyst consensus estimate of $1.86.