Shares of retailers and other consumer companies surged as concerns about fuel prices eased.
Oil futures fell by the most since November, amid speculation that the war in Ukraine could de-escalate.
Shares of luxury conglomerate Tapestry surged after its quarterly earnings report revealed less exposure to the European market than investors had feared.
Cathay Pacific Airways swung back to profitability in the second half of last year after it axed staff, mothballed dozens of jets and built up cargo operations.
But the shutdown of Hong Kong in response to Covid-19 outbreak will push the city state's flagship carrier back into the red.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
03-09-22 1715ET
