Wall Street Closing

New York, U.S. stocks rose sharply for a second consecutive session Wednesday to end a wild month, as the three major indexes posted steep October losses. Oil declined again to record a big monthly loss.

For the month, the Dow industrials lost 5.1 percent, its biggest monthly decline since January 2016. The broader Standard and Poor's 500 index dropped 6.9 percent, its biggest slide since September 2011. The technology-heavy Nasdaq composite index plunged 9.2 percent, its biggest drop since November 2008.

The Dow Jones industrial average rose 241.12, or 1 percent, to 25,115.76. Twenty-two of the index's 30 components gained.

The S and P 500 index rose 29.11, or 1.1 percent, to 2,711.74. Consumer discretionary and energy led advancing sectors.

The Nasdaq composite index rose 144.25, or 2 percent, to 7,305.90, briefly climbing out of correction territory (down 10 percent from recent highs).

Source: Saudi Press Agency