NEW YORK, N.Y. – U.S. stocks made their biggest gain since March on Tuesday as technology companies like Apple and Microsoft soared. Homebuilders also climbed after the government said sales of new homes reached an eight-year high last month. That was a sign the housing market and the broader economy are still in pretty good shape.
The Dow Jones industrial average added 213.12 points, or 1.2 per cent, to 17,706.05.
The Standard & Poor’s 500 index gained 28.02 points, or 1.4 per cent, to 2,076.06.
The Nasdaq composite index jumped 95.27 points, or 2 per cent, to 4,861.06.
For the week:
The Dow is up 205.11 points, or 1.2 per cent.
The S&P 500 is up 23.74 points, or 1.2 per cent.
The Nasdaq is up 91.50 points, or 1.9 per cent.
For the year:
The Dow is up 281.02 points, or 1.6 per cent.
The S&P 500 is up 32.12 points, or 1.6 per cent.
The Nasdaq is down 146.35 points, or 2.9 per cent.