The Dow rose 664.18 points, or 1.43%, to 47,112.45, the S&P 500 gained 60.77 points, or 0.91%, to 6,765.89 and the Nasdaq gained 153.59 points, or 0.67%, to 23,025.59.
NEW YORK: Wall Street extended its rally on Tuesday as a spate of economic data appeared to support the case for the US Federal Reserve to implement its third and final rate cut of the year in December, while softness in the tech sector limited the Nasdaq's gains.
All three major US stock indices closed in positive territory, with the blue-chip Dow out front. But sagging shares of artificial intelligence frontrunner Nvidia limited the Nasdaq's advance. Nvidia dipped 2.6%, while the Philadelphia SE Semiconductor index eked out a 0.2% gain.
