Stocks closed broadly higher on Wall Street Tuesday as more countries relaxed restrictions on businesses and stay-at-home orders, raising hopes that the move will put the global economy on the path to recovery after its historic plunge.
The S&P 500 rose 0.9% after giving up about half of its early gains in a late-afternoon bout of selling. Technology and health care stocks accounted for much of the gains. Crude oil closed sharply higher, continuing its mini-rally after falling to record lows late last month.
The S&P 500 rose 25.70 points, or 0.9%, to 2,868.44.
The Dow Jones Industrial Average gained 133.33 points, or 0.6%, to 23,883.09.