Stocks soared Wednesday, more than taking back losses suffered in the worst Christmas Eve session in Wall Street history, as the Dow surged more than 1,000 points. Analysts said stocks bounced back from extremely oversold conditions, with the sharp rebound still leaving major indexes nursing heavy losses for December and 2018. The Dow DJIA, + 4.98% rose by around 1,086 points, or 5%, to end near 22,878, according to preliminary figures, while the S&P 500SPX, + 4.96% advanced around 117 points, or 5%, to close near 2,468. The Nasdaq Composite COMP, + 5.84% rose around 361 points, or 5.8%, to finish around 6,554. The Dow had dropped more than 600 points, or 2.9% in a holiday-shortened session on Monday, while the S&P 500 fell 2.7% and the Nasdaq lost 2.2%. On a percentage basis, gains for all three major indexes on Wednesday were the strongest since March 2009. The S&P, Dow and Nasdaq are each down more than 10% for December.

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