U.S. stocks closed sharply higher Wednesday as oil markets stabilized and investors eyed another stimulus package from Congress. The Dow Jones Industrial Average closed about 451 points, 2%, higher, near 23,475, while the S&P 500 added about 63 points or 2.3% to close at about 2,799. The NASDAQ Composite Index jumped nearly 3%, 232 points, to close near 8,495. After several days of sell-offs in the oil market, June WTI futures rallied about 20% on Wednesday. And shares of Kimberly-Clark Corp. (KMB) rose about 2% after the consumer staples manufacturer reported earnings and sales that beat estimates. The company, whose products include toilet paper and other personal-care products, has seen a boost from consumer stockpiling during the coronavirus stay-at-home orders.
-Andrea Riquier; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
April 22, 2020 16:31 ET (20:31 GMT)
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