Stocks surge following Wall Street's worst day since 2008
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.
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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%.