Dow Ends Day Up 348

S&P 500, Nasdaq also close higher
By Newser Editors and Wire Services
Posted Mar 1, 2016 3:21 PM CST
Dow Ends Day Up 348
Specialist Vincent Surace, center, works with traders at his post on the floor of the New York Stock Exchange on Tuesday.   (Richard Drew)

Stocks are closing sharply higher, giving the market its best day in over a month. Traders were encouraged by several pieces of good news on the US economy Tuesday, including a jump in construction spending to the highest level in eight years. Homebuilders and banks were among the biggest gainers. JPMorgan Chase and Bank of America each rose 5%. The Dow Jones industrial average climbed 348 points, or 2.1%, to 16,865. The Standard & Poor's 500 index gained 46 points, or 2.4%, to 1,978. The Nasdaq composite rose 131 points, or 2.9%, to 4,689. (More Dow Jones stories.)

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