U.S. stocks are closing broadly higher on Tuesday as traders were encouraged by a pickup in consumer confidence and rising prices for energy. The gain pulled the Standard & Poor’s 500 index back into positive territory for the year.
The Dow Jones industrial average rose 192.71 points, or 1.1 per cent, to 17,720.98.
The S&P 500 index added 21.86 points, or 1.1 per cent, to 2,078.36.
The Nasdaq composite gained 66.95 points, or 1.3 per cent, to 5,107.94.
For the week:
The Dow is up 168.81 points, or 1 per cent.
The S&P 500 index is up 17.37 points, 0.8 per cent.
The Nasdaq is up 59.45 points, or 1.2 per cent.
For the year:
The Dow is down 102.09 points, or 0.6 per cent.
The S&P is up 19.46 points, or 1 per cent.
The Nasdaq is up 371.88 points, or 7.9 per cent.