NEW YORK—Wall Street rallied Tuesday after the Federal Reserve signaled last week’s stunningly strong jobs report won’t by itself change where interest rates are heading, as some investors had feared.
The S&P 500 climbed 1.3 percent following a shaky day where stocks pinballed between losses and gains as Fed Chair Jerome Powell gave his first public comments since raising rates last week. The Dow Jones Industrial Average rose 265 points, or 0.8 percent, while the Nasdaq composite jumped 1.9 percent.
