Dow Jones Industrial Average Climbs 132 Points: Financials Perform Well

Dow Jones Industrial Average Climbs 132 Points: Financials Perform Well
The Dow Jones Industrial Average jumped 132.67 points, or 1.24 percent, to 10,944.41, as of 1:42 p.m. today, leading a Wall Street comeback.

The markets rallied more than 2 percent, as traders capitalized on beaten down stock prices.

They were also anticipating the Federal Reserve's monetary policy statement later today, Fox News reports.

The S&P 500 climbed 20.87 points, or 1.86%, to 1,140.33. The Nasdaq Composite jumped 61.35 points, or 2.6%, to 2,418.97.

The FOX 50 had a jump of 13.16 points, or 1.62%, to 827.34.

The financial sector, which took the biggest battering in the prior session, was among the biggest gainers on Tuesday.

Most notably, large banks like Bank of America, which had a gain of 6.44 percent, Citigroup, climbed 29.85 points, or an increase of 6.80 percent.

Similarly, JPMorgan Chase experienced a respectable jump of 2.85 percent, reports Fox News.

The energy, materials and industrial sectors all posted better than 2 percent gains in morning trading as well.

Big-name technology companies performed well, with Apple at 365.99 points after a 3.62 percent increase and Google’s 2.74 percent gain giving it 561.00 points.

Ebay was at 28.89 points following an increase of 7.20 percent, sending the technology-heavy Nasdaq edging close to 3 percent.

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This is solid come back! Thanks for the timely update!
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