NEW YORK (AP) – Stocks are surging on Wall Street following the market’s worst day since the financial crisis of 2008.

The Dow jumped nearly 800 points, or 3.3%, making up less than half of its plunge from the day before.

Overseas markets were also higher. The price of oil also bounced back 8% after cratering a day earlier as an oil price war broke out between Saudi Arabia and Russia. Energy stocks did especially well following steep falls a day earlier.

Feeling less fearful, investors pulled money out of ultra-safe U.S. government bonds. The yield on the 10-year Treasury note rose to 0.65%.

Loading...