New York: Wall Street ended sharply higher on Tuesday, bouncing back from a multi-day losing streak as a string of upbeat earnings reports and revived economic optimism fueled a risk-on rally.
All three major US stock indexes gained more than 1% with the blue-chip Dow, on the heels of its worst day in nine months, leading the charge.
The S&P notched its first advance in four days, and the Nasdaq posted its first gain in six. Its a buy-the-dip mentality coming into the market, said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana.
Economically sensitive small caps and transports outperformed the broader market.
Moderna : Wall Street bounces back on renewed economic optimism
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Wall Street bounces back on renewed economic optimism
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Wall Street bounces back on renewed economic optimism
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