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Dow enjoys best day in 4 months as stock market rallies to the close


The Dow Jones Industrial Average on Tuesday registered its best day in about four months on the back of a resurgence in buying appetite, led by gains in technology and health-care stocks. The Dow

DJIA, +0.90%

closed nearly 200 points higher, or 0.9%, at about 21,900, representing its best single-session rise since April 25, when it climbed 232 points, or 1.1%, according to FactSet data. The price-weighted gauge’s advance was supported by climbs in components Boeing Co.

BA, +1.73%

Apple Inc.

AAPL, +1.63%

and Goldman Sachs Group Inc.

GS, +1.26%

Tuesday’s uptrend also appeared to be bolstered by renewed enthusiasm in risk assets, like equities, following a tough past few weeks for stock benchmarks and worries about turmoil within President Donald Trump’s administration, which could undermine the president’s ability to push through previously pledged, business-friendly legislation. The Nasdaq Composite Index

COMP, +1.36%

surged 1.4% at 6,297, snapping a 4-session slump and booking its best daily advance since June 28, while the S&P 500 index

SPX, +0.99%

gained 1% at 2,452.Some market participants attributed the recent rally to a Politico report that said Trump’s policy team was making progress on a plan for changes to tax law. In other corporate news, shares of DSW Inc.

DSW, +17.46%

had its best gain in the shoe-retailer’s history after strong quarterly results.

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