More gains for makers of computer chips and other AI winners carried Wall Street higher.
The S&P 500 rose 0.9 percent Tuesday. The Dow Jones Industrial Average added 0.7 percent, and the Nasdaq composite climbed 1.3 percent.
Micron Technology and Nvidia were the two strongest forces lifting the market as AI stocks climbed for a second straight day after tumbling the week before.
Brent crude oil’s price got near $92 for the first time in five weeks because of continued attacks in the war with Iran. That’s up from less than $72 early this month and helped push Treasury yields higher in the bond market.
On Tuesday:
The S&P 500 rose 65.92 points, or 0.9 percent, to 7,509.20.
The Dow Jones Industrial Average rose 385.38 points, or 0.7 percent, to 52,224.64.
The Nasdaq composite rose 329.13 points, or 1.3 percent, to 25,837.21.
The Russell 2000 index of smaller companies rose 44.97 points, or 1.5 percent, to 2,987.40.
For the week:
The S&P 500 is up 51.51 points, or 0.7 percent.
The Dow is up 78.22 points, or 0.2 percent.
The Nasdaq is up 316.96 points, or 1.2 percent.
The Russell 2000 is up 25.18 points, or 0.9 percent.
For the year:
The S&P 500 is up 663.70 points, or 9.7 percent.
The Dow is up 4,161.35 points, or 8.7 percent.
The Nasdaq is up 2,595.22 points, or 11.2 percent.
The Russell 2000 is up 505.49 points, or 20.4 percent.
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