The S&P 500 Index ($SPX) (SPY) Tuesday closed up +0.56%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.83%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.26%.
Stocks on Tuesday recovered from early losses and settled moderately higher, with the S&P 500 climbing to a 1-week high. Strong demand for the Treasury’s $13 billion 20-year T-bond auction knocked T-note yields lower and sparked short covering in stocks. Also, a rally in WTI crude oil to a 4-1/2 month high Tuesday fueled gains in energy stocks and helped push the overall market higher.
