The Dow Jones Industrial Average rose 1,173.45 points, or 4.53%, to 27,090.86. The S&P 500 gained 126.75 points, or 4.22%, to 3,130.12 and the Nasdaq Composite added 334.00 points, or 3.85%, to 9,018.09.
NEW YORK: The dollar and global equities rose on Wednesday as a strong showing by Joe Biden in the U.S. Democratic presidential primaries cheered the markets, though the economy-slowing coronavirus outbreak kept investors on tenterhooks.
Former Vice President Biden, considered less likely to raise taxes and impose new regulations than rival Bernie Sanders, rolled to victories on the biggest day of voting in the Democratic nomination campaign.
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