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Dow jumps over 600 points in early trade as oil prices back off nearly 14-year highs

34540 dow jumps over 600 points in early trade as oil prices back off nearly 14 year highs

U.S. stocks opened with sharp gains Wednesday, finding support as oil futures pulled back from nearly 14-year highs while investors monitor developments in the Russia-Ukraine war. The Dow Jones Industrial Average DJIA, +1.15% was up 606 points, or 1.9%, at 33,242, whiel the S&P 500 SPX, +2.57% jumped 2% to 4,254. The Nasdaq Composite COMP, +3.59% rallied 2.3% to 13,089. The U.S. crude benchmark CL.1, +3.98% was down more than 5% at $117.20 a barrel after closing Tuesday at its highest since July 2008.

Source: Marketwatch

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