Dow surges over 1,000 points as Wall Street rebounds

 The Dow Jones Industrial Average surged at least 1,000 points in a single session for the first time on Wednesday in a broad stock rebound that also saw the S&P 500 post its biggest one-day percentage gain in more than nine years after the benchmark index was on the brink of a bear market.

The Dow Jones Industrial Average .DJI rose 1,086.45 points, or 4.99 percent, to 22,878.65, the S&P 500 .SPX gained 116.63 points, or 4.96 percent, to 2,467.73 and the Nasdaq Composite .IXIC added 361.44 points, or 5.84 percent, to 6,554.36.

Reporting by Lewis Krauskopf; Editing by Phil Berlowitz