U.S. stocks finished sharply higher on Tuesday, with the Dow rising about 826 points and posting its longest streak of back-to-back gains of more than 2% since May 2020, according to Dow Jones Market Data. The blue-chip index surge about 2.8% to end near 30,316, while the S&P 500 index
rose 3.1% and the Nasdaq Composite Index
finished 3.3% higher. The rally in stocks to kick off October and the year’s final quarter has ignited debate about whether the bounce on Wall Street is justified, as some investors anticipate the Federal Reserve may back off its aggressive pace of rate hikes, or something other than signaling a durable bottom for stocks.
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