Stocks bounce back after steep selloff last week

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Stocks rose broadly on Wall Street Tuesday, clawing back some of the ground they lost in their worst weekly drop since the beginning of the pandemic.

The S&P 500 rose 90 points, or 2.4%, to close at 3,765. The Dow Jones Industrial Average gained 2.1%, and the Nasdaq jumped 2.5%.

Roughly 90% of stocks within the S&P 500 gained ground. Still, the index remains stuck in a slump, along with every other major index, and is still down about 21% from the record high it set in January. It's posted a weekly loss in 10 out of the last 11 weeks.

 

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