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. |
Chinese researchers call for increase in advanced carbon observation stationsWhat key recent events led to Iran's assault on Israel?Virtual technology showcased at 2023 CIFTISChloe Ferry flaunts the results of her breast reduction surgery in a skinEastEnders was nearly a 'geriatric caravan park in the Northeast' as xShirley MacLaine has a laugh with friends while enjoying lunch in MalibuOti Mabuse shares 'sad' update as Saturday Night Takeaway comes to an end after 22 years on screensBoston reliever Kenley Jansen says slick baseballs hard to controlLithuania's Mykolas Alekna breaks discus throw record that stood since 1986Xi Jinping meets Ma Ying