Stock market today: World stocks are higher, while oil prices jump $2 after Hamas leader was killed

Global stocks have advanced and oil prices jumped more than $2 a barrel after Hamas’s top political leader Ismail Haniyeh died in an air strike. Japan's central bank raised its benchmark interest rate to 0.25% on Wednesday and Chinese shares surged after weak manufacturing data raised hopes for more economic stimulus. The Federal Reserve was expected to keep rates steady as it wrapped up a meeting later Wednesday. On Tuesday, more drops for Big Tech stocks overshadowed gains on Wall Street. The S&P 500 slipped 0.5% and the Dow Jones Industrial Average rose 0.5%. The Nasdaq composite fell 1.3%.