Dow gains more than 500 points on second best day of the year for stocks – CNN

Business News

Dow gains more than 500 points on second best day of the year for stocks  CNN

US stocks recorded their second best day of the year on Tuesday, rallying as hopes for a Federal Reserve rate cut took hold and worries about an escalating trade war took a backseat. The Dow finished the day up 512 points, or 2.1% — its best day since January 4. The Nasdaq closed 2.7% higher, erasing its losses after a steep selloff on Monday that was driven by worries about tech regulation. The S&P 500, meanwhile, ended up 2.1%. Both the Nasdaq and the S&P recorded their best days since January 4. Just last week, this picture looked substantially different. The trade war has put pressure o…

Source: Business News