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As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by FOXBUSINESS.COM:

U.S. equity markets rallied to session highs Wednesday after Sen. Bernie Sanders announced he was suspending his presidential campaign.

The Dow Jones Industrial Average gained 593 points, or 2.62 percent, ahead of the noon hour while the S&P 500 and Nasdaq Composite rose 2.4 percent and 2.04 percent, respectively. The gains have lifted the S&P 500 out of its bear market, which would officially end with the index closing above 2,684.88.

The article goes on to state the following:

Sanders, I-Vt., suspending his campaign leaves former Vice President Joe Biden as the likely nominee to take on President Trump in the November election. The major averages had posted smaller gains earlier Wednesday amid optimism that hospitalizations related to the COVID-19 pandemic are beginning to plateau in some of the hardest-hit areas of the country.

To get more information about this article, please visit FOXBUSINESS.COM.

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