NEW YORK - U.S. equity markets surged Wednesday with the S&P 500 exiting its bear market as Sen. Bernie Sanders suspended his presidential campaign.
Stocks also saw support from a surge in oil prices. The Dow Jones Industrial Average gained over 779 points, or 3.4 percent, while the S&P 500 and Nasdaq Composite rose by 3.4 percent and 2.6 percent, respectively. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates The COVID-19 pandemic has sparked widespread unemployment, but these companies are still hiring.
Sanders, I-Vt., suspending his campaign leaves former Vice President Joe Biden as the likely nominee to take on President Trump in the November election.