Business

Dow soars 300, logs biggest gain in 2 weeks

Stocks closed near session highs Tuesday, with the Dow posting its biggest gain in almost two weeks, despite a 5.8-magnitude earthquake in Virginia that shook parts of the U.S. East Coast and after investors shrugged off a handful of disappointing economic news.

The Dow Jones Industrial Average soared 322.11 points, or 2.97 percent, to finish at 11,176.76—well above the psychologically-significant 11,000 level.

ExxonMobil [XOM  73.66    3.48  (+4.96%)   ] and Chevron [CVX  97.33    4.03  (+4.32%)   ] led the blue-chip gainers. Still, the index is still on track for its biggest monthly point loss since Oct. 2008.

Full story: US Dow Soars 300, Logs Biggest Gain in 2 Weeks – CNBC.