Consumer Confidence and Vaccine Hopes Push Stocks to Highs Not Seen Since March

Traders wearing masks work on the first day of in-person trading since the closure during the COVID-19 outbreak on the floor at the New York Stock Exchange in New York on May 26, 2020. Brendan McDermid/Reuters

U.S. stocks jumped on Tuesday, pushing the Dow Jones Industrial Average to close near 25,000. Top White House economist Larry Kudlow said that consumer confidence and optimism over a CCP virus vaccine were among the factors that fueled the rally.

Unofficially, the blue-chip Dow rose over 530 points, or 2.2 percent, to 24,997.