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.
Ncuti Gatwa looks dapper in blue pinstripe suit as he films Doctor Who with co
I get shamed by other mothers for being naturally pretty with a good figure
KiwiSaver contributions: Big gap between men and women
Paris main airport unveils new baggage handling system ahead of the 2024 Olympics
Copa 71 review: An enlightening documentary about REAL girl power, writes BRIAN VINER
Victoria Beckham reveals she stores her designer wardrobe in special heat
Rihanna shows off her wild side in a low