The US markets rebounded on Wednesday to close higher as oil prices dropped and the war in Ukraine continued to drive big market moves. Brent Crude oil, the international benchmark, fell 13% to 111 US dollars a barrel in its largest one-day fall since April 2020. In tech news, Bumble rocketed 42% on Wednesday after releasing fourth-quarter and full year results including revenue nearly doubling for the year to 532.9 million US dollars. The popular dating app also expects growth to continue in 2022. A spotlight on cruise line stocks as shares in the tour operators rallied on Wednesday amid the sharp decline in oil prices easing investor fears that a rise in fuel price for operators would lead to a rise in ticket price for cruisers. Carnival jumped 8.7%, Royal Caribbean added 5.4% and Norwegian Cruise Line lifted 8.5%. McDonald?s has joined the large list of companies exiting Russia, by closing 850 stores temporarily in the region amid the ongoing war between Russia and Ukraine.
VIDEO: US markets rebounded as oil prices plunged overnight, Bumble soared 42% on FY21 results & cruise line stocks rallied on oil price decline
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