Dow Jones index surges over 1,000 points in post-Christmas rally

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The three major U.S. stock indexes rebounded on Wednesday after plummeting earlier in the week, a sign turmoil may be subsiding on Wall Street after the Federal Reserve’s latest interest rate increase.

The Dow Jones Industrial Average jumped over 1,000 points to 22,878, the tech-heavy Nasdaq was up 361 points at 6,554, and the broader S&P 500 increased 116 points.

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