U.S. stocks on Tuesday closed sharply higher on the back of strong gains in prominent technology shares. The Dow Jones Industrial Average rose 558.99 points, or 2.39%, to 23,949.76. The S&P 500 gained 84.43 points, or 3.06%, to 2,846.06. The Nasdaq Composite advanced 323.32 points, or 3.95%, to 8,515.74.
Oil futures ended Tuesday at a roughly two-week low, weighed down by a global glut of crude as demand slumped due to the disruptions to travel and trade resulting from the COVID-19 pandemic. West Texas Intermediate crude for May delivery fell $2.30, or 10.3%, to settle at $20.11 a barrel. June Brent crude lost $2.14, or 6.7%, at $29.60 a barrel.
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