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The Associated Press
How major US stock indexes fared Tuesday 3/14/2023
By The Associated Press,
Stocks closed higher on Wall Street as some of the most breathtaking moves from a manic Monday reversed course.
The S&P 500 rose 1.7% Tuesday after a report showed inflation is still high, though no more than expected. The Nasdaq composite rose 2.1% and the Dow Jones Industrial Average added 1.1%.
Several bank stocks bounced back, recovering some of their plunges from a day earlier caused by worries that customers could yank out their cash in the wake of two bank failures. Treasury yields rose sharply, trimming some of their historic drops from the previous day.
The S&P 500 rose 64.80 points, or 1.7%, to 3,920.56.
The Dow Jones Industrial Average rose 336.26 points, or 1.1%, to 32,155.40.
The Nasdaq composite rose 239.31 points, or 2.1%, to 11,428.15.
The Russell 2000 index of smaller companies rose 32.59 points, or 1.9%, to 1,776.89.