The Nasdaq composite led a rally in the stock market Tuesday, as the index reached an important level on its chart.
XAutoplay: On | OffThe Nasdaq jumped 1.3% and rose back above the 50-day moving average. That’s a sign the index is trying to resume its long-term advance.
The S&P 500 added 1% and was barely back above its 50-day average. The Dow Jones industrial average also picked up 0.9% as the indexes saw no let up in the rally. The Russell 2000 was keeping up, rising 1%.