Economics
U.S. Stocks Surge Into March, Nasdaq 100 Rises Most Since August
- Banks, technology shares regain footing as rally leaders
- New orders help manufacturing activity find some stability
Looking Past the Doom and Gloom of Global Economics
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The Nasdaq 100 Index powered to its best day in six months as U.S. equities roared into March amid signs that the world’s largest economy remains on firm footing and foreign central banks stand poised to do what’s needed to shore up sluggishness abroad.
American factories looked set to emerge from a year-long slump, while monthly sales at major carmakers showed consumers stepping up spending a day after China added to stimulus, alleviating anxieties that had sent U.S. shares to the worst start to a year on record. Banks and technology stocks paced gains Tuesday, as companies hardest hit during the rout continued a three-week rebound.