How major US stock indexes fared Tuesday

The Dow Jones Industrial Average jumped more than 500 points Tuesday as investors welcomed signals that the Federal Reserve may cut interest rates if multiple U.S. trade conflicts threaten the nation's economic expansion.

Technology companies led broad gains for U.S. stocks. The benchmark S&P 500 index notched its best day since January. Mexico's foreign minister said he expects his country will reach a deal with the U.S. and avoid tariffs.

On Tuesday:

The S&P 500 index gained 58.82 points, or 2.1%, to 2,803.27.

The Dow vaulted 512.40 points, or 2.1%, to 25,332.18.

The Nasdaq composite climbed 194.10 points, or 2.7%, to 7,527.12.

The Russell 2000 index of small companies picked up 38.58 points, or 2.6%, to 1,508.56.

For the week:

The S&P 500 is up 51.21 points, or 1.9%.

The Dow is up 517.14 points, or 2.1%.

The Nasdaq is up 73.97 points, or 1%.

The Russell 2000 is up 43.07 points, or 2.9%.

For the year:

The S&P 500 is up 296.42 points, or 11.8%.

The Dow is up 2,004.72 points, or 8.6%.

The Nasdaq is up 891.84 points, or 13.4%.

The Russell 2000 is up 160 points, or 11.9%.

Other News

Asian stocks drift pending fresh news; oil takes a breather

Aug 16, 2016

Asian stock markets drifted sideways on Tuesday as the price of oil took a breather from a three-day rally

Miner BHP Billiton suffers $6.4 billion loss for 2015-16

Aug 16, 2016

The world's biggest miner, BHP Billiton, on Tuesday reported a $6.4 billion loss _ the Anglo-Australian company's worst ever full-year result

Global stocks drift lower as investors await US data

Aug 16, 2016

Shares were lower across global markets on Tuesday in sluggish trading, while oil prices resumed gains

The Budget Report seeks to provide comprehensive coverage and analysis on the current economic, financial issues around the world. First hand finance and economic news all day, every day.

Contact us: sales@thebudgetreport.com