NEW YORK (AP) — The Dow Jones industrial average surged 286 points Wednesday, its best day this year.

The rally started early and gathered force in the afternoon. The charge turned the Dow positive for 2012 and erased the biggest loss of the year less than a week after it happened: the 275-point plunge set off by a dismal U.S. jobs report on Friday.

The Dow gained 2.4 percent to close at 12,414.79.

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