Stocks Build on Monday’s Rally

Stocks surged Tuesday as Wall Street built on a sharp rally seen in the previous session.

The Dow Jones Industrials skyrocketed 743.33 points, or 2.5%, to 30,234.22.

The S&P 500 leaped 102.95 points, or 2.8%, to 3,781.11, putting the index on track for its best two-day rally since March 2020.

The NASDAQ Composite hiked 356.30 points, or 3.3%, to 11,171.74.

Sentiment on Tuesday also got a boost as shares of Credit Suisse traded 4% higher. Earlier in the week there were concerns regarding the bank’s financial health. The bank revealed it would provide updates to its strategy alongside its third-quarter numbers.

There were about 1.1 million fewer job openings than expected in August, the Bureau of Labor Statistics reported Tuesday.

Available positions totaled 10.1 million for the month, less than the 11.1 million FactSet estimate, according to the Job Openings and Labor Turnover Survey.

Treasury prices spiked, lowering yields to 3.58% from Monday’s 3.65%. Treasury prices and yields move in opposite direction.

Oil prices gained $1.79 to $85.42 U.S. a barrel.

Gold prices brightened $21.30 to $1,723.30 U.S. an ounce.