Dow industrials 150-point surge puts benchmark on track for best daily gain in nearly 4 months

The Dow Jones Industrial Average was rallying late-morning trade on Tuesday, with the blue-chip gauge on track to book its sharpest one-day rise in about four months. The Dow most recently was up 155 points or 0.7% at 21,861, which would represent the average’s best single-session raise since April 25 when it climbed 232 points, according to FactSet data. The price-weighted gauge’s clamber higher was supported by early advances in components Boeing Company and Apple Inc. . Tuesday’s uptrend also appears to be bolstered by renewed enthusiasm in risk assets, like stocks, following a tough past few weeks for equity 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 1.2% and on pace to snap its 4-session slump, while the S&P 500 index was up 0.85 and on track to add to the previous session’s climb.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Leave a Reply