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.
Ten of the world's best airports for food and drinks, according to experts
I discovered that living in this five
Top scientist warns AI could surpass human intelligence by 2027
United Airlines flight is forced to DIVERT after a dog POOPED in first class aisle
Scottie Scheffler did NOT consider withdrawing from RBC Heritage to be with heavily
China's Xi Jinping delivers unexpected speech at UN hours after US President Joe Biden speaks
Best credit cards rated: Top for cashback, rewards and clearing debt
Gaza's Nasser hospital: Fears for patients as Israeli raid continues
GloRilla hits back at NBA star Damian Lillard's estranged wife who trolled her for DUI arrest
Luke Bryan takes a surprise tumble on stage in Vancouver
Travel fanatic who has used TSA PreCheck for 'her whole life' SLAMS popular service