Video: Dow Jumps on Auto News

Despite grim economic reports, U.S. stocks soared on promising news in the U.S. auto industry. The Dow Jones jumped more than 183 points to close at 8,668.39. The S&P 500 climbed 21.22 points to 890.64. The Nasdaq was up 40.38 points to 1,550.70. Crude oil closed down at $39.03 a barrel.

Watch now:

Watch more from the markets now:

Bookmark Market News Live and drop back whenever you need to stay ahead of today's markets.