Stocks stormed upward on Tuesday as investors assessed that the likelihood of an economic rescue deal out of the nation’s capital had increased. The Dow Jones Industrial Average rose by more than 1,600 points, or 8.4 percent. The S&P 500 climbed 7.4 percent. The Nasdaq Composite jumped 6.5 percent.
We hope this upward trend continues…and that Congress comes to its senses and passes that rescue deal asap so the President can sign it. We’ll, of course, keep an eye on the markets.