Stocks ended higher Tuesday as optimism grew about the reopening of the economy and a potential coronavirus vaccine.
The Dow gained 529 points, or 2.2%. The 30-stock average briefly traded above 25,000 for the first time since early March before closing just below the mark.
The S&P 500 rallied 1.2%, briefly breaking above 3,000 for the first time since March 5. The Nasdaq was relatively flat, rising less than 0.2%.
After being closed for nearly two months, the New York Exchange reopened its trading floor on Tuesday at about 25% of capacity.
Most of the workers will continue working remotely and the small number that returned wore masks as they worked and followed strict social distancing requirements.
President Donald Trump tweeted about Tuesday’s rally, saying: “Stock Market up BIG, DOW crosses 25,000. S&P 500 over 3000. States should open up ASAP. The Transition to Greatness has started, ahead of schedule. There will be ups and downs, but next year will be one of the best ever!”
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