Late Rally Sends US Stock Indexes Higher

Dow climbs 389 points
By Newser Editors and Wire Services
Posted Apr 3, 2018 3:01 PM CDT
Gregory Rowe, right, speaks on the floor of the New York Stock Exchange while waiting for Spotify's IPO, Tuesday, April 3, 2018.   (AP Photo/Richard Drew)

(Newser) – Stocks moved sharply higher in the last hour of trading, allowing the market to claw back a good part of the ground it lost a day earlier, the AP reports. Indexes had spent most of Tuesday wobbling between gains and losses. Technology companies again drove much of the gains. Intel, Microsoft and Apple all rose. Ford and General Motors also climbed. Banks rose in tandem with interest rates, and health care companies also rallied. The S&P 500 rose 32 points, or 1.3%, to 2,614. The Dow Jones industrial average climbed 389 points, or 1.6%, to 24,033. It fell 458 a day earlier. The Nasdaq composite increased 71 points, or 1%, to 6,941. (Read more stock market stories.)

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