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.
Related articles:
Related suggestion:
Hong Kong's Messi mess: A distraction from more important thingsFood price hikes stall, thanks to lowered cost of fruit and vegesApril 12, 2024US restricts trade with companies tied to drones used by Russia, HouthisPetrobras reports net profit of BRL 124.6 bi in 2023'Hardest Geezer' Russell Cook completes almost year'Hardest Geezer' Russell Cook completes almost yearFew voters globally worried about climate changeIsraeli military says troops captured hundreds of fighters in Gaza hospitalTeenagers named as victims of Nelson off
3.1522s , 6496.3125 kb
Copyright © 2024 Powered by How major US stock indexes fared Tuesday, 4/23/2024 ,Global Gleam news portal