Broad rally lifts US stocks after run of volatile trading
The S&P 500 rose 1.4% and the Dow Jones Industrial Average climbed 1.8%. The Nasdaq rose 0.8%.
The tech-heavy index was held back by a loss in Apple after news outlets reported that the company was seeing weaker demand for its iPhone 13.
Small-company stocks outpaced the rest of the market.
Crude oil prices rose after OPEC stuck to its plans to boost output via steady, modest monthly increases.