(CNBC) — U.S. stocks jumped on Wednesday, with the S&P 500 rebounding from a five-session dive, as U.S. crude stopped a four-day skid, concerns eased about a Greek exit from the European Union and investors offered a favorable reaction to minutes from the Federal Reserve.
The key drivers to equity gains appear to be “a stabilization of energy, easing concern about a Greek exit and a positive tone to the Fed minutes,” said Art Hogan, chief market strategist at Wunderlich Securities.
Benchmark indexes retained gains of roughly 1 percent after the Fed release, with the December gathering of the Federal Open Market Committee indicating inflation would not have to climb from current levels for the central bank to begin raising interest rates.
