Dow is trading at $30.46 (+5.6%) following a strong intraday rebound driven by a broader rotation into the materials sector and relief from lower energy costs.
- The move comes as U.S. equities show strength in industrial and traditional sectors while investors await further guidance from the Fed.
- Lower oil prices and easing geopolitical risks have provided significant support for chemical and industrial names, benefiting Dow's performance.
- Materials have emerged as a relative beneficiary of recent market rotation, contributing to the stock's sharp gain.