Stocks closed broadly higher on Wall Street Wednesday as investors focused on the optimistic side of data about the trajectory of the coronavirus.
The S&P 500 and Dow Jones Industrial Average climbed 3.4% amid signs that deaths and infections may be nearing a peak or plateau in some of the world’s hardest-hit areas.
The rally is the latest about-face in this brutally volatile stretch for the U.S. stock market, which has flip-flopped between gains and losses for six straight days. The S&P 500 has jumped nearly 23% since it hit a low two and a half weeks ago.
The S&P 500 index rose 90.57 points, or 3.4%, to 2,749.98.