The Dow rallies 550 points to a record
By STAN CHOE, AP Business Writer
NEW YORK (AP) — Most U.S. stocks rose on Tuesday and carried the market back to where it was before last week’s swoon.
The S&P 500 added 0.2% after erasing a loss taken during the morning. It’s been bouncing around lately, coming off Monday’s vigorous rebound following its first losing week in four.
The Dow Jones Industrial Average rallied 559 points, or 1.2%, to a record, surpassing its prior all-time high set two weeks ago. The Nasdaq composite lagged the market, though, as Nvidia got back to falling amid continued concerns that stocks caught up in the artificial-intelligence frenzy may have become too expensive. The Nasdaq dipped 0.3%
Helping to lead the market was Paramount Skydance, which jumped even though the entertainment giant reported revenue and profit for the latest quarter that fell short of Wall Street’s expectations.
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