U.S. stocks surged to their best day since last spring, and the Dow Jones Industrial Average soared more than 1,100 points as doubt swings back to hope on Wall Street for a possible end to the war with Iran.
The S&P 500 leaped 2.9% Tuesday for its largest gain since May. Just a day before, worries about the war had sent the main measure of Wall Street’s health more than 9% below its all-time high set early this year. The Dow Jones Industrial Average jumped 1,125 points and the Nasdaq composite surged 3.8%. Oil prices eased to fuel the rally.
On Tuesday:
The S&P 500 rose 184.80 points, or 2.9%, to 6,528.52.
The Dow Jones Industrial Average rose 1,125.37 points, or 2.5%, to 46,341.51.
The Nasdaq composite rose 795.99 points, or 3.8%, to 21,590.63.
The Russell 2000 index of smaller companies rose 82.37 points, or 3.4% to 2,496.37.
For the week:
The S&P 500 is up 159.67 points, or 2.5%.
The Dow is up 1,174.87 points, or 2.6%.
The Nasdaq is up 642.27 points, or 3.1%.
The Russell 2000 is up 46.68 points, or 1.9%.
For the year:
The S&P 500 is down 316.98 points, or 4.6%.
The Dow is down 1,721.78 points, or 3.6%.
The Nasdaq is down 1,651.36 points, or 7.1%.
The Russell 2000 is up 14.47 points, or 0.6%.
