NEW YORK (AP) — Stocks rose broadly Tuesday after fears that the U.S. would slip into a recession pounded the market over the last four weeks. Indexes briefly slipped from their highest levels of the day after an earthquake was felt throughout the Northeast.
Exxon Mobil Corp. rose the most of the 30 stocks in the Dow Jones industrial average, 2.7 percent. Chevron Corp. was also up more than 2 percent. Energy stocks got a push from a 1 percent increase in the price of oil, to $85 a barrel. The dollar fell against the euro and Japanese yen as investors moved money into riskier assets.
The Dow rose 209 points, or 1.9 percent, to 11,065 in late afternoon trading. It dipped about 60 points shortly after the quake hit the East Coast in the early afternoon, but recovered those losses within minutes.
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