How the Dow Jones industrial average fared on Tuesday
NEW YORK (AP) — Stocks roared to their best day in more than a month Tuesday as investors hit the "buy" button following some encouraging signs of strength in the U.S. economy. Construction spending reached its highest level in eight years in January. Banks, the worst-performing sector on the market so far this year, led the way higher. Tech and consumer stocks also surged.
The Dow Jones industrial average advanced 348.58 points, or 2.1 percent, to 16,865.08.
The Standard & Poor's 500 index climbed 46.12 points, or 2.4 percent, to 1,978.35.
The Nasdaq composite index rose 131.65 points, or 2.9 percent, to 4,689.60.
For the week:
The Dow has risen 225.11 points, or 1.4 percent.
The S&P 500 has gained 30.30 points, or 1.6 percent.
The Nasdaq has picked up 99.12 points, or 2.2 percent.
For the year:
The Dow is down 559.95 points, or 3.2 percent.
The S&P 500 is down 65.59 points, or 3.2 percent.
The Nasdaq is down 317.81 points, or 6.4 percent.