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.
Sanders orders US and Arkansas flags flown at half
Taylor Swift enjoys another loved
China's top legislator meets DPRK top leader
Barbra Banda joins her Orlando Pride teammates for her first practice with the team
QB Bryce Young excited about 'new faces' in Carolina after team's 2
Voting technology company settles lawsuit against far
Cowboys add veteran Royce Freeman, but running back remains a position of need in the draft
Philippines, U.S. kick off largest
Barbra Banda joins her Orlando Pride teammates for her first practice with the team
Phish fans are famously dedicated. What happens when they enter the Sphere?
Kyle Connor scores twice as Jets edge Kraken 4