Stocks jumped back up on Tuesday, resuming the market’s sharp rebound from last month’s lows. Here's how the major averages performed: - The Dow rallied 559 points. - The S&P 500 climbed 3.06%. - The Nasdaq advanced 3.95%.
advanced nearly 4% to 8,515.74. The tech-heavy Nasdaq notched its first four-day winning streak since early February.Amazon rose to an all-time high to lead the Nasdaq higherCNBC's Jim Cramer said
Tuesday's gains come after a sharp drop in the previous session. The Dow lost 328 points, or 1.4%, on Monday while the S&P 500 declined by 1%.New York Gov. Andrew Cuomo struck an optimistic tone about the outbreak in his state, the epicenter of the pandemic in the United States. He said Tuesday deaths related to the virus in the state are leveling off, adding the coronavirus hospitalization rate in New York remains low.
The number of coronavirus cases continues to rise globally. Data from Johns Hopkins University shows there are more than 1.9 million cases around the world, with over 598,000 in the U.S.
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