Stocks rallied for a second straight day on Wall Street, softening what’s been a rough April.
The S&P 500 added 1.2% Tuesday to pull further out of the hole created by a six-day losing streak. The Dow Jones Industrial Average climbed 0.7%, and the Nasdaq composite rose 1.6%.
A weaker-than-expected report on U.S. business activity helped support the market, which remains in an awkward phase. The hope on Wall Street is for the economy to avoid a severe recession, but not to stay so hot that it keeps upward pressure on inflation. GE Aerospace soared after raising its profit forecast.
On Tuesday:
The S&P 500 rose 59.95 points, or 1.2%, to 5,070.55.
The Dow Jones Industrial Average rose 263.71 points, or 0.7%, to 38,503.69.
The Nasdaq composite rose 245.33 points, or 1.6%, to 15,696.64.
The Russell 2000 index of smaller companies rose 35.17 points, or 1.8%, to 2,002.64.
Abbey Clancy screams with embarrassment as she's teased over her music career with throwback song
Cicadas are nature's weirdos, and about to infest 2 parts of the U.S.
Walgreens books hefty charge as the drugstore chain adjusts the value of struggling clinics
Thailand plan massive enclosures to contain monkey mayhem in Lopburi
Passenger breaks his leg 30 minutes into a seven
Thailand plan massive enclosures to contain monkey mayhem in Lopburi
Cambodia's prime minister sounds a sour note on trucks' musical horns
Firefighters in New Jersey come to the rescue of a yellow Labrador stuck in a spare tire
Tom Holland confirms he is definitely returning for a fourth Spider
Funding shortfall halts Taranaki Cathedral project
Beyonce goes hell for leather black fringed pantsuit as she poses on an 18
US measles cases are up in 2024. What's driving the increase?