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.
The Nasdaq climbed 98.41 points, or 1.1%, to 8,809.12.
The Russell 2000 index of small company stocks picked up 9.54 points, or 0.8%, to 1,273.51.
For the week:
The S&P 500 is up 37.73 points, or 1.3%.
The Dow is up 159.40 points, or 0.7%.
The Nasdaq is up 204.17 points, or 2.4%
The Russell 2000 is up 13.03 points, or 1%.
For the year:
The S&P 500 is down 362.34 points, or 11.2%.
The Dow is down 4,655.35 points, or 16.3%.
The Nasdaq is down 163.48 points, or 1.8%
The Russell 2000 is down 394.96 points, or 23.7%.