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Market Snapshot: Stock market rebounds as energy rally helps investors shake off Italy angst

U.S. stocks rose sharply on Wednesday, rebounding from the previous day’s rout, as energy shares bounced back amid a rally for oil prices and worries over Italy’s political crisis faded.

See:Italy’s crisis may be a buying opportunity for stock investors

What did the main benchmarks do?

The Dow Jones Industrial Average DJIA, +1.26% rose 306.33 points, or 1.3%, to close at 24,667.78, taking back most of Tuesday’s 392-point drop. Shares of Exxon Mobil Corp. XOM, +3.93% and Chevron Corp. CVX, +3.11% were the blue-chip gauge’s best performers amid reports that OPEC will keep crude production curbs in place until at least the end of the year.

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