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Stocks surged on Wednesday after Sen. Bernie Sanders dropped out of the presidential race, relieving some of Wall Street's political concerns.
The Dow Jones Industrial Average gained 568 points, or 2.5%. The S&P 500 climbed 2.3% while the Nasdaq Composite advanced 1.9%.
The major averages hit their session highs after Sanders made his announcement. Some of Sanders' policy proposals, including Medicare for All, raised concern among several business owners and investors who feared taxes would go up under his presidency.
Source : CNBC