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Replay Program

Markets

Techs lead Wall St surge as economic gloom fades

Opening sequence

Opening sequence

Markets

Techs lead Wall St surge as economic gloom fades

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15:58
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COMING UP:Techs lead Wall St surge as economic gloom fades

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Transcript

00:00:01
>> A banner day on Wall Street Tuesday, the Dow surging by over 200 points. But the bigger gains were made in the tech sector with the NASDAQ rallying 2%, the upswing powerful enough to turn parts of the stock market higher for the month. After spending most of this year worrying about the US economy, investors finding reasons to be confident.
00:00:22
Not only did sales of new homes last month take their biggest monthly leap in 24 years, prices jumped to a record high. Investors taking that as a sign, the US economic recovery is picking up steam and is strong enough to withstand another likely rate increase from the Federal Reserve, which could come as early as June.