Stock Market Jumps After S&P 500’s Worst Week in Two Years

view original post

U.S. stocks rallied Tuesday off their worst week since March 2020, offering investors a reprieve from a recent stretch of whipsaw trading that had sent stocks and cryptocurrencies falling.

The S&P 500 gained 2.5% while the Dow Jones Industrial Average added 2.2%, more than 600 points. The Nasdaq Composite Index jumped 2.5%. The U.S. stock market was closed Monday for the Juneteenth federal holiday.