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
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.
and Goldman Sachs Group Inc.
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
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
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.
had its best gain in the shoe-retailer’s history after strong quarterly results.