Dow, S&P 500 Enjoy Best Day In About 2 Months

U.S. stocks stormed higher on Tuesday, lifting the Dow industrials and the S&P 500 to their best one-day gains in about two months as crude-oil futures rebounded. The Dow Jones Industrial Average gained 222 points, or 1.3%, to close at 17,928, logging its best daily gain since March 1, according to FactSet data. A 2.5% rise in shares of Goldman Sachs Group contributed nearly 30 points to the blue-chip gauge's advance. The S&P 500 index climbed 25 points, or 1.3%, to finish at 2,084--representing its best one-day gain since March 11. All 10 of the S&P 500's sectors ended in positive territory, led by more than 1.8% gains in industrials, energy and materials. Meanwhile, the tech-heavy Nasdaq Composite Index climbed 59 points, or 1.3%, to finish at 4,809. West Texas Intermediate crude-oil futures paved the way for stocks, settling 2.8% higher at $44.66 a barrel.

Copyright © 2016 MarketWatch, Inc.