US stocks rose for the first time in three days as a rebound in oil from a 16-month low bolstered speculation that the global economic slump won’t worsen.

The S&P500 Index rebounded from a 5 1/2-year low, gaining 11.33 points, or 1.3 percent, to 908.11. The Dow rose 172.04, or 2 percent, to 8,691.25. The Nasdaq Composite Index slipped 11.84, or 0.7 percent, to 1,603.91.

(Bloomberg)