US stocks rose broadly on Wednesday, led by the energy sector as investors viewed the recent declines in companies such as Halliburton, Baker Hughes and Exxon Mobil as overdone, while a better-than-expected report on pending home sales also boosted sentiment.
The Dow Jones Industrial Average climbed 225.52 points (2.25%) to 10,249.54, its third-biggest one-day gain this year. However, the measure is still down 8.53% from its 2010 closing high, reached in late April, and is off 1.71% for the year to date.