Why the Stock Market Soared Wednesday

The stock market soared on Wednesday, finally bouncing back from more than a month of selling pressure. With investors having feared rising inflation, geopolitical challenges, and ongoing disruptions from supply chain problems and pandemic shutdowns overseas, the mood on Wall Street had gotten extremely somber. But all it took was the slightest of good news to send the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) soaring Wednesday afternoon, with gains of around 3% for all three indexes.

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Source Fool.com