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Dow industrials 200-point surge puts benchmark on track for best daily gain in nearly 4 months


The Dow Jones Industrial Average was rallying Tuesday afternoon, with the blue-chip gauge on track to book its sharpest one-day rise in about four months. The Dow most recently was up about 200 points, or 0.9%, at 21,901, which would represent the average’s 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 early 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 appears 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 fiscal-stimulus legislation. Overall, the market was bucking higher, with the Nasdaq Composite Index

COMP, +1.36%

surging 1.4% at 6,293 and on pace to snap its 4-session slump and book its best single-session advance since June 28, while the S&P 500 index

SPX, +0.99%

was up 1% at 2,453 and on track to add to Monday’s climb. Some market participants were attributing the recent rally to a Politico report that said Trump’s policy team was making progress on a plan for changes to tax law.

Read the full story:
Dow posts biggest one-day gain in nearly 4 months

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