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How major US stock indices fared on Tuesday

Stocks end higher on Wall Street on Tuesday, recouping some of the ground they lost last week in their worst weekly decline since the pandemic began.

Them&P 500 rose 2.4%. That’s still 21.5% below the record he set in January. The tech-heavy Nasdaq climbed 2.5% and the Dow Jones Industrial Average 2.1%.

Markets will be closely watching Federal Reserve Chairman Jerome Powell’s testimony to Congress this week for more clues on the Fed’s thinking on inflation and future interest rate hikes.

Tuesday:

Them&P 500 rose 89.95 points, or 2.4%, to 3,764.79.

The Dow Jones Industrial Average rose 641.47 points, or 2.1%, to 30,530.25.

The Nasdaq gained 270.95 points, or 2.5%, to 11,069.30.

The Russell 2000 Small Business Index rose 28.34 points, or 1.7%, to 1,694.03.

For the year:

Them&P 500 is down 1,001.39 points, or 21%.

The Dow is down 5,808.05 points, or 16%.

The Nasdaq is down 4,575.67 points, or 29.2%.

The Russell 2000 is down 551.28 points, or 24.6%.

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Post expires at 4:02am on Sunday July 3rd, 2022