US stocks rallied back to life on Wednesday, retracing losses from the previous session. The Dow once again logged a day for the history books, recording its second-best point-gain in history after Monday’s rally.
Investors reacted positively to former Vice President Joe Biden’s wins on Super Tuesday, as he is viewed as a more market-friendly candidate than Senator Bernie Sanders.
The Dow closed up 1,173 points, or 4.5%.
The S&P 500 finished 4.2% higher, led by health care stocks.
The Nasdaq Composite closed up 3.9%.
Stocks are on pace for their first positive week since Valentine's Day.
All three indexes are now less than 10% below their most recent peaks.