NEW YORK (AP) – Stocks are closing broadly higher on Wall Street as gains by technology companies and banks helped the market gain back almost half the ground it lost in a big sell-off the day before.
Apple and Microsoft each rose 1.9% Tuesday, and video game maker Take-Two Interactive jumped 8% after turning in strong quarterly results.
Investors were relieved to see that China had stabilized its currency, easing some of the pressure in its trade war with the U.S.
The S&P 500 rose 37 points, or 1.3%, to 2,881.
The Dow Jones Industrial Average rose 311 points, or 1.2%, to 26,029. The Nasdaq climbed 107 points, or 1.4%, to 7,833.
Bond prices rose. The yield on the 10-year Treasury fell to 1.72%.