U.S. stocks rallied for a second straight day Tuesday to blunt the blow of what’s been a rough April. The S&P 500 climbed 1.2% and pulled further out of the hole created by a six-day losing streak. The Dow Jones industrial average rose 263 points, or 0.7%, and the Nasdaq composite jumped 1.6%. A weaker-than-expected report on U.S. business activity helped support the market, which remains in an awkward phase.
whose investment indexes guide much of the industry, fell 13.4% after reporting weaker revenue growth than expected. Invesco sank 6.4% after falling short of expectations for both earnings and revenue. JetBlue Airways lost 18.8% despite topping expectations for the latest quarter. Its forecasts for upcoming revenue came up short of what some analysts expected, and it said competition in Latin America could weigh on its results. All told, the S&P 500 rose 59.95 points to 5,070.55.
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