A 10th of the companies in the S&P 500 index recorded their best day of the year in terms of percentage change on Tuesday, as U.S. stocks rallied after data showed U.S. inflation was flat in October.
PG&E Corporation
PCG,
shares rose 5%, the best day since Oct. 4, 2022, according to Dow Jones Market Data. Bank of America’s
BAC,
stock gained 5.5%, the best one-day performance since Oct. 17, 2022. Shares of BlackRock
BLK,
and Home Depot
HD,
advanced 5.4% and 5.4%, respectively, the largest one-day percentage gain since Nov. 10, 2022.
U.S. stocks ended sharply higher on Tuesday, with the Dow Jones Industrial Average
DJIA
up 490 points, or 1.4%. The S&P 500
SPX
gained 1.9% and the Nasdaq Composite
COMP
advanced 2.4%.
— Mike DeStefano contributed.
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