NEW YORK - U.S. equity markets rallied Wednesday amid optimism that hospitalizations related to the COVID-19 pandemic are beginning to plateau in some of the hardest-hit areas of the country.
The Dow Jones Industrial Average climbed 257 points, or 1.14 percent, in the opening minutes of trading while the S&P 500 and Nasdaq Composite rose 1.09 percent and 1.11 percent, respectively. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates The major averages gave up big gains on Tuesday that had briefly lifted the S&P 500 out of its bear market.
The index must gain 25.47 points, or 1 percent, to close above the 2,684.88 level needed to officially exit. Carnival Cruise Line rallied for a third day after Saudi