Dow rallies more than 1,500 points in two days, S&P 500 posts best 2-day gain since 2020

Stocks surged Tuesday as Wall Street built on a sharp rally seen in the previous session and bond yields continued to fall.

The Dow Jones Industrial Average rose 825.43 points, or 2.8%, to 30,316.32. The S&P 500 added nearly 3.1% to close at 3,790.93, and the Nasdaq Composite was up 3.3% to end at 11,176.41.

Tuesday’s gains also put the S&P 500 up 5.7% for the week and marked its biggest two-day rally since March 2020.

Markets have had a strong start to the month, bringing a respite from the swift declines seen...