India, March 23 -- Wall Street rebounded sharply, with the Dow Jones shot up more than 1,100 (2.5%), S&P 500 and Nasdaq Composite shot up over 2%. The rally came after geopolitical tensions had been diffused and the oil prices had dropped and confidence of the investors in the global markets rose.

U.S. Market Snapshot

Index

Level

Change

% Change

Dow Jones

46,751.37

+1,173.90

+2.58%

Nasdaq Composite

22,165.38

+517.77

+2.39%

S&P 500

6,654.62

+148.38

+2.28%

The figures indicate a robust recovery with all the key indexes recording increases of over 2% and this is an indicator of institutional purchasing.

Dow Jones

The Dow Jones spearheaded the attack soaring above 1,100. The rush was led by banking and industrial stocks, w...