Updated from 4:11 p.m. EST
Stocks in the U.S. were sharply higher Tuesday as an earnings beat by the world's largest retailer and reassurance from the financial sector prompted bargain-hunters to go to work.
The Dow Jones Industrial Average skyrocketed 319.54 points, or 2.46%, to 13,307.09, its second-best point gain of the year. The S&P 500 jumped 41.87 points, or 2.91%, at 1481.05. The Nasdaq Composite, the weakest of the three of late, was the best performer this time, soaring 89.52 points, or 3.46%, to 2673.65.
Leading the Dow was Wal-Mart (WMT Quote), which reported a third-quarter profit that rose 8% from a year ago to top Wall Street's estimates. The retailer also said quarterly revenue came in at $91.95 billion, exceeding forecasts. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,336.30 | 1,095.46 | 2,149.02 | 32.23 |
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SPDR Gold
115.58
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