The U.S. stock market marched higher Tuesday, giving the Standard & Poor’s 500 index its best day of the year. Investors rallied behind an encouraging report on the Chinese economy as well as strong quarterly results from Apple and other big companies.
The Dow rose 215.14 points, or 1.3 per cent, to 16,614.81.
The Standard & Poor’s 500 index rose 37.27 points, or 2 per cent, to 1,941.28.
The Nasdaq composite gained 103.40 points, or 2.4 per cent, to 4,419.48.
For the week:
The Dow is up 234.40 points, or 1.4 per cent.
The S&P 500 is up 54.52, or 2.9 per cent.
The Nasdaq has added 161.04 points, or 3.8 per cent.
For the year:
The Dow is up 234.40 points, or 0.2 per cent.
The S&P 500 index is up 92.92 points, or 5 per cent.
The Nasdaq is up 242.89 points, or 5.8 per cent.