Dow jumps 600 points, oil slides to $96 off 27% from peak

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Investors eye falling commodities ahead of the Fed's decision on interest rates.

The Dow Jones Industrial Average gained 600 points or 1.8% while the S&P 500 rose 2% and the Nasdaq Composite 3%.

DEMS PUSH PLAN TO TAX OIL COMPANIES' PROFITS, SEND CHECKS TO AMERICANS DURING RUSSIA-UKRAINE PRICE SPIKE Crude's slide continued Tuesday with U.S. oil hitting $96.44 per barrel, now off 27% from the peak $130 hit last week. Brent, the global benchmark fell to $99.91 as fears rise around China's new COVID-19 outbreak. Gold also retreated to $1,928.50.

 

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