World shares rose 18.7% this quarter, the biggest quarterly gain in 11 years, but are still down more than 7% so far this year due to a slump of 34% between Feb. 12 and March 23. The Dow Jones Industrial Average rose 217.08 points, or 0.85%, to 25,812.88, the S&P 500 gained 47.05 points, or 1.54%, to 3,100.29 and the Nasdaq Composite added 184.61 points, or 1.87%, to 10,058.77. The near 20% quarterly increase on the S&P 500 was its largest since late 1998. The pan-European STOXX 600 index rose 0.13% and MSCI's gauge of stocks across the globe gained 1.04%. Emerging market stocks rose 0.11%. Overnight, MSCI's broadest index of Asia-Pacific shares outside Japan closed 0.67% higher, while Japan's Nikkei futures lost 0.09%.
NEW YORK: A global stocks index rose on Tuesday and marked its largest quarterly gain since 2009 as investors continued to look for signs of an economic recovery while shrugging off data showing a rising number of COVID-19 cases.
The possible return of Libyan oil production, which has been at a trickle since the start of the year, weighed on crude prices.
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