NEW YORK, N.Y. – Stocks rose Tuesday as the market notched its second sizable gain in a row. Retail and industrial stocks made the biggest gains as they were lifted by company earnings, some good news from China’s economy, and the hope that Japan’s struggling economy will get another boost. U.S. markets were closed Monday for Presidents Day.
The Dow Jones industrial average gained 222.57 points, or 1.4 per cent, to 16,196.41.
The Standard & Poor’s 500 index added 30.80 points, or 1.7 per cent, to 1,895.58.
The Nasdaq composite index rose 98.44 points, or 2.3 per cent, to 4,435.96.
For the year:
The Dow is down 1,228.62 points, or 7.1 per cent.
The S&P 500 is down 148.36 points, or 7.3 per cent.
The Nasdaq is down 571.45 points, or 11.4 per cent.