Wall Street once again proved resilient in the face of increased geopolitical uncertainty.
Stocks rose on Tuesday following a strong session in which traders shrugged off a breakdown in peace talks between the U.S. and Iran, yet were optimistic that a deal between the two countries was still possible.
The S&P 500
gained 1.18% and closed at 6,967.38. The broad market index now stands less than 1% below its 52-week high. The Dow Jones Industrial Average
added 317.74 points, or 0.66%, to close at 48,535.99. The Nasdaq Composite
advanced 1.96% and ended at 23,639.08.
The major averages staged a relief rally on Monday after President Trump said that the U.S. and Iran have had "productive" talks.
The major indexes are still on pace for their third straight losing week.
The U.S. stock market is holding steadier Wednesday following two days of punishing swings driven by worries about how high oil…
U.S. stocks are rising and recovering some of the losses from their five-week losing streak, even as oil prices keep climbing.
The S&P 500 and Nasdaq Composite rallied yet again to new intraday and record closing highs on Wednesday.
The S&P 500 and Nasdaq Composite are coming off of a solid week, having notched fresh records on Friday.
