Stocks end higher Wednesday, staging a rebound after a pullback on Iran war fears. Oil prices were easing their climb on Wednesday afternoon, after a big jump this week.

The U.S. stock market rebounded after oil prices stopped spiking and reports gave encouraging updates on the economy.

The Dow Jones Industrial Average added 238.14 points, or 0.49%, to close at 48,739.41. The 30-stock index snapped a three-day run of losses. The S&P 500 gained 0.78% and ended at 6,869.50, while the Nasdaq Composite moved 1.29% higher and settled at 22,807.48.

Why didn't US avert stock market Dow Jones, S&P 500 and Nasdaq crash today like UAE? Wall Street fell as oil prices surged after Iran conflict and Strait of Hormuz threat. Dow Jones, S&P 500 and Nasdaq declined amid inflation fears,

Phillips 66 has outpaced the Dow Jones Industrial Average over the past year, and analysts remain fairly optimistic about the stock’s prospects.

Traders watched rising geopolitical tensions and worried the U.S.-Iran conflict could go on longer than anticipated.

Why are US stock market index futures down today and S&P 500, Dow Jones and Nasdaq in red? Wall Street futures slide after U.S. and Israeli strikes on Iran. Oil prices rise as Tehran threatens Strait of Hormuz.

Major stock indexes ended sharply higher Wednesday as investors' concerns about the conflict in the Middle East dissipated.