Dow rises 416 points as recession fears ease

Aug. 3 (UPI) — U.S. markets rallied on Wednesday after falling for two straight days to open the month of August as recession fears eased.

The Dow Jones Industrial Average rose 416.33 points, or 1.29%, while the S&P 500 gained 1.56% and the Nasdaq Composite climbed 2.59%.

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