(July 16, 2008)—The Dow gained 276 points to close at 11,239 Wednesday, bolstered by some upbeat news from a major bank and a second day of falling crude oil prices.
The S&P rose 30 points to 1,245.
The Nasdaq composite index added 69 points to 2,284.
Advancing issues topped decliners by a 3 to 1 margin.
NYSE volume topped 6.4 billion shares.
Nasdaq volume was 2.4 billion.
Shares of Wells Fargo, the nation's fifth-largest bank, rose more than 30 percent just Wednesday.
Its earnings topped analyst forecasts and it also announced an increase in its dividend.
Oil prices fell $4.14 to settle at $134.60 a barrel, following a more than $6 dollar drop Tuesday.
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