Provided by
Dow Jones
By Joe Wallace and Amber Burton
U.S. stocks rose Tuesday, signaling that major indexes may extend this week's gains.
The S&P 500 rose 52.45 points, or 1.4%, to 3826.31 a day after the broad stocks gauge posted its biggest one-day advance since November. The Dow Jones Industrial Average gained 475.57 points, or 1.6%, to 30,687.48. The technology-heavy Nasdaq Composite Index climbed 209.38 points, or 1.6%, to 13612.78.
For the fifth straight trading day, stocks at the center of a social media frenzy -- led by GameStop -- did the opposite of the Dow industrials.
Shares of GameStop tumbled $135.00, or 60%, to $90. That wiped out the gains from the past week but keeps the videogame company up 378% for the year.