NEW YORK (AP) — U.S. stocks surged to their biggest gain in two months on Tuesday after the Chinese government moved to stimulate the world's second-largest economy. That boosted the price of oil and sent energy companies higher. Chemicals and machinery companies also made big gains.
The Dow Jones industrial average climbed 222.44 points, or 1.3 percent, to 17,928.35.
The Standard & Poor's 500 advanced 25.70 points, or 1.3 percent, to 2,084.39.
The Nasdaq composite index jumped 59.67 points, or 1.3 percent, to 4,809.88.
For the week:
The Dow is up 187.72 points, or 1.1 percent.
The S&P 500 is up 27.25 points, or 1.3 percent.
The Nasdaq is up 73.72 points, or 1.6 percent.
For the year:
The Dow is up 503.32 points, or 2.9 percent.
The S&P 500 is up 40.45 points, or 2 percent.
The Nasdaq is down 197.53 points, or 3.9 percent.