Dow gains more than 500 points on improving coronavirus virus outlook

U.S. stocks jumped on Tuesday, with the Dow gaining more than 500 points, resuming the market’s sharp rebound from last month’s lows, as investors grew more optimistic about the coronavirus outlook.

The Dow Jones Industrial Average added 558.99 points, or 2.4 percent, to close at 23,949.76. The S&P 500 jumped 3.1 percent to 2,846.06 while the Nasdaq Composite climbed nearly 4 percent to 8,515.74. The tech-heavy Nasdaq notched its fourth straight positive day for the first time since February 6 and its 4-day wining streak. Amazon’s shares soared to an all-time high to lead the Nasdaq higher.

The S&P 500’s rally was led by tech, consumer discretionary, and consumer staples.