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US stocks extend gains into second day

US stocks extend gains into second day

Investors have extended Wall Street's best performance this year into a second day.
Stocks closed with modest gains after Tuesday's huge rally. Beaten-down financial stocks have again led the day's advance as investors looked for signs banks could begin to recover from losses caused by billions of dollars in bad debt.
According to preliminary calculations, the Dow Jones industrial average is up 4 at 6,930. The modest gain gives the Dow its first two-day advance since Feb. 5-6, on top of Tuesday's 379-point surge.
Other indicators had bigger percentage moves. The Standard & Poor's 500 index is up 2, or 0.2 percent, at 721. The Nasdaq composite index is up 13, or 1 percent, at 1,372.
More than 3 stocks rose for every one that fell on the New York Stock Exchange. Volume came to 1.73 billion shares.


Updated : 2021-05-14 12:48 GMT+08:00