Wall Street jumps with rosy outlooks from companies

The Dow rose 323.35 points, or 1%, to 32,717.6, the S&P 500 gained 56.54 points, or 1.42%, to 4,027.81 and the Nasdaq added 210.16 points, or 1.79%, to 11,926.24.

NEW YORK: US stocks rallied on Wednesday, with all three major indexes ending up at least 1% as upbeat outlooks from Micron Technology and other companies eased some worries about the health of the economy.

In a sign of potential further strength, the S&P 500 also closed above its 50-day moving average for the first time since March 6, before the onset of the bank crisis, and the CBoe volatility index, Wall Street's fear gauge, ended at its lowest level since March 8.