Stocks roared back in a broad-based rally Tuesday on signs of easing trade tensions and following remarks by Federal Reserve Chairman Jerome Powell that were...
Stocks roared back in a broad-based rally Tuesday on signs of easing trade tensions and following remarks by Federal Reserve Chairman Jerome Powell that were seen as opening the door to a rate cut if the economy slows. The gains were a strong rebound from the previous day's tech-led decline. The Dow Jones Industrial Average DJIA, +2.06% rose around 512 points, or 2.1%, to end near 25,332, according to preliminary figures, while the S&P 500 SPX, +2.
14% advanced around 59 points, or 2.1%, to end near 2,803 The Nasdaq Composite COMP, +2.65% rallied around 194 points, or 2.6%, to finish near 7,527. The Nasdaq recouped losses it suffered Monday, when it fell sharply and entered correction territory, as reports of increased antitrust scrutiny by federal regulators sank shares of high-profile tech companies.
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