Welcome to Mint live log. Track this space for latest news and updates on stock markets. The Dow Jones Industrial Average finished up 2.2% at 24,995.11.
The broad-based S&P 500 gained 1.2% to 2,991.77, while the tech-rich Nasdaq Composite Index added 0.2% at 9,340.22. Wall Street stocks surged on Tuesday due to optimism over a rebound in the US as more states emerge from coronavirus shutdowns and drugmakers step up efforts to develop a vaccine.
Tuesday's session marked the latest instance of US stocks shrugging off near-term economic pain by focusing on the expected improvement in the second half of 2020, assuming the economy bottoms out in the second quarter.