Stocks rise broadly on Wall Street for 2nd day in a row
By DAMIAN TROISE and ALEX VEIGA
AP Business Writers
Stocks rose broadly on Wall Street Tuesday, adding to the market’s solid gains from a day earlier as investors wager that the new variant of the COVID-19 virus won’t pose a big threat to the economy. The S&P 500 rose 2.1% for its biggest gain since March. Some 86% of stocks within the benchmark index made gains. The Dow Jones Industrial Average rose 1.4% and the tech-heavy Nasdaq rose 3%. Smaller company stocks outpaced the broader market. Treasury yields rose and crude oil prices climbed 3.7%. Markets in Europe and Asia closed higher.
