Stocks rose Tuesday as investors focused on how and when authorities may begin to lift business shutdowns and stay-at-home orders imposed to slow the spread of the coronavirus
Stocks rose Tuesday as investors focused on how and when authorities may begin to lift business shutdowns and stay-at-home orders imposed to slow the spread of the coronavirus. Big companies also began reporting their first-quarter earnings, giving investors an early peek into how the outbreak was affecting their bottom lines. Big gains for technology stocks led the market, headlined by Microsoft, Apple and several chipmakers. The 3.1% rise for the the S&P 500 meant it more than recovered its losses from a day earlier, and it’s now down 16% from its record high set in the middle of February.
The S&P 500 index rose 84.43 points, or 3.1%, to 2,846.06.
The Dow Jones Industrial Average gained 558.99, or 2.4%, to 23,949.76.
The Nasdaq rose 323.32 points, or 3.9%, to 8,515.74.
The Russell 2000 index of smaller company stocks was up 25.29 points, or 2.1%, to 1,237.33.
For the week:
The S&P 500 is up 56.24 points, or 2%.
The Dow is up 230.39 points, or 1%.
The Nasdaq is up 362.17 points, or 4.4%
The Russell 2000 is down 9.39 points, or 0.8%.
For the year:
The S&P 500 is down 384.72 points, or 11.9%.
The Dow is down 4,588.68 points, or 16.1%.
The Nasdaq is down 456.87 points, or 5.1%
The Russell 2000 is down 431.14 points, or 25.8%.