NEW YORK - U.S. equity markets soared for a second straight day Tuesday as COVID-19 continued to show signs of moderating in some of the so-called hot spots, putting the S&P 500 on track to exit its bear market.
The Dow Jones Industrial Average gained 891 points, or 3.9 percent, in the opening minutes of trading while the S&P 500 and Nasdaq Composite were higher by 3.2 percent and 2.7 percent, respectively. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates The early gains have lifted the S&P 500 out of the bear market that began on March 12.
The index needs to close above 2684.88 to officially exit. The COVID-19 pandemic showed further signs of slowing with the number of new cases and deaths in New York