Banking and technology stocks led the wave, US stocks recovered strongly after a series of deep declines

 The US stock market on March 9 rose on a large scale as prices of many commodities, especially crude oil, cooled while the Russia-Ukraine conflict was still complicated.


The Dow Jones Industrial Average rose nearly 654 points, or 2%, to close at 33,286 points. The most effective support for this bluechip index are Salesforce, Nike and JPMorgan stocks.

The S&P 500 index rose 2.6% to 4,278 points, marking its biggest gain since June 2020. The chart below shows that the tech-biased Nasdaq Composite also jumped 3.6%. This was Nasdaq's most active session since November 2020, strongly supported by large-cap stocks.

According to CNBC, after the rally on March 9, the Dow Jones got out of the correction zone and the Nasdaq came out of the bear market. This is also the first gaining session of US stock indexes after a series of 4 consecutive declines.

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