The Dow rose 742.76 points, or 1.85%, to 40,954.48, the S&P 500 gained 35.98 points, or 0.64%, at 5,667.2 and the Nasdaq added 36.77 points, or 0.2%, at 18,509.34.
NEW YORK: Wall Street stocks rose and the Dow Jones Industrial Average hit an all-time closing high on Tuesday after US retail sales data supported the view that the Federal Reserve is approaching its easing cycle, reining in inflation while avoiding a recession.
All three major US stock indices advanced on the day, but weaker megacap growth stocks, led by Nvidia Corp and Microsoft Corp, capped the tech-heavy Nasdaq's gains.
