NEW YORK, N.Y. – U.S. stocks jumped Tuesday as the price of oil made another abrupt reversal, this time rising almost 4 per cent after falling sharply the day before.
The Dow Jones industrial average climbed 282.01 points, or 1.8 per cent, to 16,167.23.
The Standard & Poor’s 500 index picked up 26.55 points, or 1.4 per cent, to 1,903.63.
The Nasdaq composite index rose 49.18 points, or 1.1 per cent, to 4,567.67.
For the week:
The Dow is up 73.72 points, or 0.5 per cent.
The S&P 500 is down 3.27 points, or 0.2 per cent.
The Nasdaq is down 23.51 points, or 0.5 per cent.
For the year:
The Dow is down 1,257.80 points, or 7.2 per cent.
The S&P 500 is down 140.31 points, or 6.9 per cent.
The Nasdaq is down 439.74 points, or 8.8 per cent.