The Dow Jones Industrial Average rose 212.09 points, or 0.89%, to 23,961.85. The S&P 500 gained 32.22 points, or 1.13%, to 2,874.96 and the Nasdaq Composite added 118.96 points, or 1.37%, to 8,829.68. The pan-European STOXX 600 index rose 2.15% while MSCI's gauge of stocks across the globe gained 1.56%.
NEW YORK: A gauge of global stock markets rose on Tuesday, snapping a three-day losing streak, while oil prices soared as investors shrugged off grim economic data on hopes the easing of coronavirus lockdowns will jump start economies and revive fuel demand.
The dollar rose against most major currencies, bolstered by better-than-expected U.S. services data. The greenback's gains were also supported after U.S. President Donald Trump renewed verbal attacks on China, raising fears of a new trade war.
Limited time offer:
Just RM5 per month.
