The Dow closed on Tuesday up 555 points, or 2.1%, the best percentage gain since mid-July. The S&P 500 closed 1.8% higher, the best day of the month. The Nasdaq Composite hit 1.9 percent higher – best performance since mid-October.
Hopefully more government spending will help a short-term economic recovery boost markets and risky investments like stocks. The increase also reflects Wall Street bets that former Vice President Joe Biden will win the election.
CNN’s Anneken Tappe contributed to this report.