How the Dow Jones industrial average fared on Wednesday

NEW YORK, N.Y. – Stocks climbed Wednesday as investors clung to hope for an international deal to stem a global glut in crude oil with production cutbacks. That sent the price of oil sharply higher. Tech stocks also rose, led by Microsoft and Facebook. The gains capped a three-day rally, the longest so far in 2016, that has wiped out about half of the market’s losses since the beginning of the year.

On Wednesday:

The Dow Jones industrial average rose 257.42 points, or 1.6 per cent, to 16,453.83.

The Standard & Poor’s 500 index picked up 31.24 points, or 1.7 per cent, to 1,926.82.

The Nasdaq composite index gained 98.11 points, or 2.2 per cent, to 4,534.06.

For the week:

The Dow has jumped 479.99 points, or 3 per cent.

The S&P 500 has added 62.04 points, or 3.3 per cent.

The Nasdaq has surged 196.55 points, or 4.5 per cent.

For the year:

The Dow is down 971.20 points, or 5.6 per cent.

The S&P 500 is down 117.12 points, or 5.7 per cent.

The Nasdaq is down 473.35 points, or 9.5 per cent.