It was updated Oct 4, 2022.
The market shook off its worst fears that sent the market tumbling in September as stocks continued to rally, though some warn the rally will be short-lived.
The New York Stock Exchange has traders working on it.
The blue-chip index rose 2.5%, about 750 points, and is up 4% on the week after a 760-point jump Monday, its second- largest single-day rise of the year.
The S&P 500 and the tech-laden Nasdaq both gained more than 3% on Tuesday.
Several banks expressed optimism about the electric vehicle maker's long term prospects after third quarter vehicle deliveries fell short of analyst estimates.
Increasing cautious optimism about monetary policy around the world is driving this week's gains.
The market welcomed the Australian central bank's Tuesday announcement it would raise interest rates by 25 basis points as opposed to the projected 50 basis point hike.
In September, the market reacted to persistent inflation data pricing and more rate hikes from the Fed and fell. The last three months of the year are usually a good time for stocks, with the S&P rising about 5% during the quarter.
It was over $20,000 for the first time in 3 weeks.
The market hopes for a positive fourth quarter.
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