Wall Street spikes over 2% by the end on strong earnings

US stock indices closed the second session of the week sharply higher, marking the best performance for S&P 500 since March and erasing the losses sustained earlier this week, following earlier industrial data from the US, in addition to a batch of stellar earnings results. 

Earlier US data showed industrial output rose 0.3% in September, slowing down from 0.4%, while the Capacity Utilization Rate stood at 78.1%, same as before and below estimates of 78.2%. 

Indices, Commodities 

Dow Jones rose 2.17%, or 547.87 points to 25,789.42, while Standard and Poor's 500 spiked 2.15%, or 59.13 points to 2,809.92. NASDAQ Composite surged 2.89%, or 214.75 points to 7,645.49. 

Gold futures due in December fell 0.26% to $1,227.10 an ounce, while the dollar index barely inched up to 95.08 away from September 27 lows. 

US crude futures due in November rose 0.11% to $71.86 a barrel, while Brent December futures gained 0.69% to $81.34 a barrel.