Stocks closed broadly higher on Wall Street Tuesday after the U.S. government temporarily postponed proposed restrictions on technology sales to Chinese companies.
The news boosted chipmakers and other technology sector stocks, which took steep losses a day earlier when the Trump administration announced the restrictions. Health care, financial and industrial stocks helped power the rally, which snapped the market’s two-day losing streak.
The S&P 500 index rose 24.13 points, or 0.9%, to 2,864.36.
The Dow Jones Industrial Average gained 197.43 points, or 0.8%, to 25,877.33.
The Nasdaq composite climbed 83.35 points, or 1.1%, to 7,785.72.
The Russell 2000 index of small company stocks picked up 20.28 points, or 1.3%, to 1,545.25.
For the week:
The S&P 500 is up 4.83 points, or 0.2%.
The Dow is up 113.33 points, or 0.4%.
The Nasdaq is down 30.56 points, or 0.4%.
The Russell 2000 is up 9.48 points, or 0.6%.
For the year:
The S&P 500 is up 357.51 points, or 14.3%.
The Dow is up 2,549.87 points, or 10.9%.
The Nasdaq is up 1,150.45 points, or 17.3%.
The Russell 2000 is up 196.69 points, or 14.6%.