Stocks surge following Wall Street's worst day since 2008

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NEW YORK - 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%.