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Stocks rose sharply in volatile trading on Wednesday as surges in retail and energy shares helped Wall Street regain the steep losses suffered in the previous session. The Dow Jones Industrial Average traded 657 points higher as of 3:05 p.m. ET, while the S&P 500 gained 3.05 percent. The Nasdaq Composite outperformed, rising 3.96 percent. Both the S&P 500 and Nasdaq were on track for their biggest one-day gains since Aug. 26, 2015 and erased Monday's losses. The Dow also recovered all of its losses from Monday.

The Dow Jones Industrial Average traded higher on Thursday, erasing steep losses a day after posting a historic surge. The 30-stock index traded 31 points higher after plunging 611 points earlier in the day. The S&P 500 held just above the flatline after sliding more than 2 percent. The Nasdaq Composite traded 0.2 percent lower after dropping more than 3 percent. Earlier in the day, stocks fell amid renewed tensions between China and the United States.

Moments ago, the special counsel released Michael Flynn’s “Statement of the Offense.” This document lays out Flynn’s crimes in far greater detail than the short “information” released earlier today. It’s important to state this clearly as possible — the statement contains no evidence of collusion with Russia to influence the presidential election. Instead, it amplifies the fact that Flynn apparently lied about contacts that were lawful and appropriate.First, the statement says that the day after President Obama announced sanctions in response to Russian efforts to interfere with the 2016 election, Flynn called a “senior official of the Presidential Transition Team...

In a war where information can be more powerful than massed forces, the cellphone is a weapon. Insurgents the world over use cellphones to transmit messages, record photos and videos, and sometimes just to chat. They can record video of an attack, and transmit that video within a minute. U.S. and other technologically adept forces use machines to target cell phones. This is no secret. Not to the enemy, at least. I am especially careful not to compromise operational security (OPSEC). There are many photographs and potential dispatches that will never be published here because I do not want to...