NEW YORK—A rising tide swept stocks higher, and calm returned to Wall Street after Japan’s market soared earlier Tuesday to claw back much of the losses from its worst day since 1987.
The S&P 500 climbed 1 percent to break a brutal three-day losing streak. It had tumbled a bit more than 6 percent on a raft of concerns, including worries the Federal Reserve had pressed the brakes too hard for too long on the U.S. economy through high interest rates in order to beat inflation.
