Stocks closed broadly higher on Wall Street Tuesday, led by big gains in technology companies. The rally gave the S&P 500 its best gain since early August and drove the tech-heavy Nasdaq to a record high.
Traders were encouraged by a gain in China’s main stock index after the country took more steps to soften the financial blow of the recent virus outbreak. Bond prices fell, sending yields sharply higher.
The S&P 500 index rose 48.67 points, or 1.5%, to 3,297.59.
The Dow Jones Industrial Average climbed 407.82 points, or 1.4%, to 28,807.63.