The Dow Jones Industrial Average rose 588.64 points, or 1.21%, to close at 49,077.23 on Wednesday, January 21. The S&P 500 rose 78.76 points, or 1.16%, to close at 6,875.62 on Wednesday, January 21. The Nasdaq Composite rose 270.50 points, or 1.18%, to close at 23,224.82 on Wednesday, January 21.