Encouraging data on the U.S. economy and housing market helped lift U.S. stock indexes higher in afternoon trading Tuesday. The rebound followed even bigger gains in Europe as global markets recovered from a two-day rout triggered by Britain’s vote to leave the European Union.
Energy and health care companies led the rally. Consumer and technology stocks also notched gains. Banks and other financial companies, which took the heaviest losses in the sell-off, also rose. Bond prices fell, sending yields higher.
The Dow Jones industrial average gained 138 points, or 0.8 percent, to 17,279 as of 2:30 p.m. Eastern Time. The Standard & Poor’s 500 index rose 19 points, or 1 percent, to 2,020. The Nasdaq composite added 64 points, or 1.4 percent, to 4,658.
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