NEW YORK - U.S. equity markets rallied Thursday as global oil prices posted their biggest one-day gain in response to President Trump saying he expects and hopes Russia and Saudi Arabia will cut production. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates The Dow Jones Industrial Average rose over 469 points, or 2.2 percent.
The S&P 500 also gained 2.2 percent while the Nasdaq Composite rose 1.72 percent. Stocks took their lead as West Texas Intermediate crude oil, the U.S.
oil benchmark, surged by 24.67 percent to $25.32 - the biggest gain since record-keeping began in March of 1983, according to Dow Jones Market Data Group.