Stocks rose steadily throughout the day and ended with broad gains as traders got back to buying again after a mostly miserable few weeks on Wall Street.
Tech giants like Apple and Microsoft were among the biggest winners, and video game maker Take-Two Interactive jumped after forecasting better results than analysts were expecting. Paramount soared after Warren Buffett’s Berkshire Hathaway disclosed a new stake in the media company.
The S&P 500, the Dow Jones Industrial Average and the tech-heavy Nasdaq gained ground. Small-company stocks rose more than the rest of the market, a signal investors are feeling bullish on the economy. Treasury yields rose.
The S&P 500 rose 80.84 points, or 2%, to 4,088.85.
The Dow Jones Industrial Average rose 431.17 points, or 1.3%, to 32,654.59.
The Nasdaq rose 321.73 points, or 2.8%, to 11,984.52.
The Russell 2000 index of smaller companies rose 56.87 points, or 3.2%, to 1,840.30.
For the week:
The S&P 500 is up 64.96 points, or 1.6%.
The Dow is up 457.93 points, or 1.4%.
The Nasdaq is up 179.52 points, or 1.5%.
The Russell 2000 is up 47.63 points, or 2.7%.
For the year:
The S&P 500 is down 677.33 points, or 14.2%.
The Dow is down 3,683.71 points, or 10.1%.
The Nasdaq is down 3,660.45 points, or 23.4%.
The Russell 2000 is down 405.01 points, or 18%.