• Dow jumps 200 points after steepest one-day drop in 9 months

  U.S. stocks battled back from one of the worst sessions of 2021 with healthcare and industrials leading the early gains. IBM was a standout nearly 5% after reporting stronger than expected profit and revenue figures, helped by AI and Cloud investments. Elsewhere, oil continued to slump trading around the $66 per barrel level.

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