The Dow Jones Industrial Average was rallying Tuesday afternoon, with the blue-chip gauge on track to book its sharpest one-day rise in about four months. The Dow most recently was up about 200 points, or 0.9%, at 21,901, which would represent the average’s best single-session rise since April 25 when it climbed 232 points, or 1.1%, according to FactSet data. The price-weighted gauge’s advance was supported by early climbs in components Boeing Co. , Apple Inc. , and Goldman Sachs Group Inc. . Tuesday’s uptrend also appears to be bolstered by renewed enthusiasm in risk assets, like equities, following a tough past few weeks for stock benchmarks and worries about turmoil within President Donald Trump’s administration, which could undermine the president’s ability to push through previously pledged fiscal-stimulus legislation. Overall, the market was bucking higher, with the Nasdaq Composite Index surging 1.4% at 6,293 and on pace to snap its 4-session slump and book its best single-session advance since June 28, while the S&P 500 index was up 1% at 2,453 and on track to add to Monday’s climb. Some market participants were attributing the recent rally to a Politico report that said Trump’s policy team was making progress on a plan for changes to tax law.
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