The headliner was China’s stock market, which leaped 5.7% for its biggest gain since 2015, when it was in the midst of a bubble bursting. Treasury yields also ticked higher in a signal of growing optimism after reports showed improvements in the U.S. and European economies.
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Stocks of the biggest companies once again led the way, and strength for Apple, Amazon and other tech-oriented titans helped lift the Nasdaq composite 226.02 points, or 2.2%, to close at a record high of 10,433.65.
The Dow Jones Industrial Average rose 459.67 points, or 1.8%, to 26,287.03. The S&P 500 rose 49.71 points to 3,179.72 for its third gain of at least 1.5% in the last five days.
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