Stocks rose sharply Tuesday in a broad rally, gaining ground as investors focused on earnings and guidance as equities extended a bounce from their June lows. The Dow rose around 754 points, or 2.4%, to close near 31,827, according to preliminary figures.
Stocks rose sharply Tuesday in a broad rally, gaining ground as investors focused on earnings and guidance as equities extended a bounce from their June lows. The Dow Jones Industrial Average rose around 754 points, or 2.4%, to close near 31,827, according to preliminary figures.
The S&P 500 SPX, +2.76% jumped 2.8% to finish near 3,937, while the Nasdaq Composite COMP, +3.11% advanced 3.1% to end near 11,713. The small-cap Russell 2000 RUT, +3.50% also jumped, rising 3.5% for its biggest one-day advance since Jan. 6, 2021, according to preliminary figures.
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Dow rallies more than 700 points in rebound as traders bet that the bottom is inStocks rallied Tuesday, with the market resuming a bounce from last month’s lows, as traders bet on strong corporate earnings, and wagered that markets found a bottom. The Dow jumped 754.44 points. The S&P 500 gained 2.76%. The Nasdaq popped 3.11%.
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U.S. stocks open higher as earnings reports roll inU.S. stocks opened higher on Tuesday despite that mixed corporate earnings reports and news of a hiring slowdown at Apple stoked fears about slowing economic growth. The Dow Jones Industrial Average climbed 210 points, or 0.7%, to 31,286:
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Pelosi’s husband buys $5 million in chip stocks before Senate vote on chip subsidy billPaul Pelosi, the husband of House Speaker Nancy Pelosi, bought millions of dollars worth of stock in a computer chip company prior to an expected Senate vote on a subsidy bill to boost chip manufacturing.
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