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Renita Young presents the market action for Wednesday, where stocks closed higher for the second day in a row, with the S&P 500 up 1.5%, Dow up 1.6%, NASDAQ 100 up 1.5%, and Russell 2000 up 1.7%. Energy sector led the gains with crude oil rising almost 3%, while Industrials and Financials were also winners. Consumer Staples, Materials, and Real Estate saw smaller gains. Nike surged over 12% on strong earnings, online sales, and improved inventory control, signaling a positive outlook.