Dow soars 826 points as stock rebound continues, Twitter jumps 22+% on Musk deal

  • Dow soars 826 points as stock rebound continues, Twitter jumps 22+% on Musk deal

    U.S. stocks closed out another winning session with the S&P 500 and Nasdaq Composite adding 3%, while the Dow Jones Industrial Average added just under that with an 826-point gain. Energy and financials led the gains for the S&P 500, while utilities and consumer staples rose the least. Twitter shares soared over 22% as Elon Musk confirmed his intentions to buy the social media giant dropping his opposition. In commodities, oil rose 3% to $86.52 per barrel amid speculation OPEC will cut production on Wednesday.

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