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4 pm: Dow rallies more than 500 points on improving virus outlook, Amazon jumps to all-time high
Stocks jumped on Tuesday, resuming the market’s sharp rebound from last month’s lows, as investors grew more optimistic about the coronavirus outlook.
The Dow Jones Industrial Average rallied 558.99 points, or 2.4%, to 23,949.76. The S&P 500 climbed 3.1% to 2,846.06 while the Nasdaq Composite advanced nearly 4% to 8,515.74. The tech-heavy Nasdaq notched its first four-day winning streak since early February.
The S&P 500 was led higher by 4% rallies in tech, consumer discretionary and consumer staples. Amazon rose to an all-time high to lead the Nasdaq higher. —Fred Imbert
Stocks jumped on Tuesday, resuming the market’s sharp rebound from last month’s lows, as investors grew more optimistic about the coronavirus outlook.
The Dow Jones Industrial Average rallied 558.99 points, or 2.4%, to 23,949.76. The S&P 500 climbed 3.1% to 2,846.06 while the Nasdaq Composite advanced nearly 4% to 8,515.74. The tech-heavy Nasdaq notched its first four-day winning streak since early February.
The S&P 500 was led higher by 4% rallies in tech, consumer discretionary and consumer staples. Amazon rose to an all-time high to lead the Nasdaq higher. —Fred Imbert
