Stocks closed broadly higher again on Wall Street Tuesday, adding to weekly gains for major indexes that have been mired in a broad slump amid inflation and recession concerns.
The S&P 500 rose 1.1 percent, with roughly 90 percent of the stocks in the benchmark index notching gains. The Dow Jones Industrial Average rose 1.1 percent and the Nasdaq composite ended 0.9 percent higher.
Trading was choppy, at one point pulling the Nasdaq into the red as technology stocks lost ground then rallied by the end of the day. It was the latest knee-jerk motion in a market that has been moving erratically in recent weeks. Major indexes are still stuck in a bear market, which is when they’ve fallen at least 20 percent from their most recent all-time highs….