US Stocks Close Higher

US stocks closed with gains of more than 1% on Tuesday, marking their best day since March, as the tech and financials sectors rallied. Encouraging reports on the housing market and gains in the European markets also contributed.

    The Dow Jones Industrial Average surged 213.12 points, or 1.2%, to settle at 17,706.05. The S&P 500 rose 28.02 points, or 1.4%, to close at 2,076.06 with all 10 of its main sectors ending in positive territory. The Nasdaq Composite outperformed, jumping 95.27 points, or 2%, to settle at 4,861.06 for its strongest one-day gain since 1 March.

    Meanwhile, major European indexes closed over 2% higher, with the Euro STOXX closing 3.5% up and the German DAX posting its best day in five weeks. Unlike European markets, Asian markets ended mostly down, with blame being pointed to weak commodity prices and uncertainty of the next Fed rate hike. The Shanghai Composite closed down nearly 0.8% and the Nikkei 225 down 0.9%.