Wall Street stocks finished solidly higher on Tuesday as markets embraced better coronavirus case counts in some hotspots, even as banking earnings pointed to economic weakness.[NEW YORK] Wall Street stocks finished solidly higher on Tuesday as markets embraced better coronavirus case counts in some hotspots, even as banking earnings pointed to economic weakness.The broad-based S&P 500 jumped 3.1 per cent to 2,846.06, while the tech-rich Nasdaq Composite Index surged 4.0 per cent to 8,515.
Tuesday's gains marked the latest positive day for stocks since officials in New York and some other hotspots pointed to progress in cutting the number of new coronavirus cases. Some international markets, including Italy and Austria, have relaxed some lockdown measures as US officials begin to tackle the question of how to safely reopen the economy.
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