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Stocks Surge With Oil to Metals on Signs of Stability in China

  • Dow rallies 390 points, S&P 500 soars as U.S. shares rebound
  • Shanghai stocks first advance in five days stokes optimism
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Oil Supply Surge Adds Price Pressure to Producers

Stephen Kirkland and Jeremy Herron
Updated on

U.S. stocks staged their second-best rally of the year and oil gained with emerging market currencies after an advance in China’s market defused concerns about a global economic slowdown.

The Dow Jones Industrial Average surged 390 points and the Standard & Poor’s 500 Index jumped 2.5 percent Tuesday, while emerging-market stocks gained the most in more than a week. Brent crude oil advanced for the first time in three days, approaching $50 a barrel, and copper surged the most in two years. Treasuries declined as demand for haven assets waned.