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.
DAILY MAIL COMMENT: At last, Rishi takes the fight to Labour
Chinese home appliance firms expand global market with great vigor
Spotlight: U.S. authorities tell int'l students to leave U.S. if universities go online
Chinese home appliance firms expand global market with great vigor
Bobrovsky makes incredible save during Panthers
Iran, Syria sign agreement to expand comprehensive military cooperation
Key Takeaways from Xi's State Visit to Vietnam
Spotlight: U.S. authorities tell int'l students to leave U.S. if universities go online
Juventus requires a late goal to beat Lazio 3
Indians in China say life was peaceful in China until Indian's ban of WeChat
Aboriginal spears taken by Captain Cook in 1770 are returned to Australia's Indigenous people
Voting begins in Singapore general election