NEW YORK—Stocks rallied Wednesday as Wall Street shakes off more of the fear that dominated it earlier this month.
The S&P 500 rose 1.4 percent for its fourth gain in the last five days. The Dow Jones Industrial Average climbed 323 points, or 1 percent, while the Nasdaq composite jumped 1.8 percent.
They followed similar sized gains in other markets around the world and put the S&P 500 on track to close a tumultuous month with a modest gain. That’s despite the month being dominated by worries about banks and whether the industry is cracking under the pressure of much higher interest rates….