Dow jumps by 1% in late-morning trade, with General Electric the only component in the red
The Dow Jones Industrial Average sharpened its gains late-morning Tuesday, with the advance powered by shares of Boeing Co. and UnitedHealth Group Inc. , with only shares of General Electric Co. hovering in negative territory, off 1%. The Dow was up 260 points, or 1.1%, at 23,905. Gains in UnitedHealth and Boeing were contributing more than 70 points to the price-weighted blue-chip average. Meanwhile, the S&P 500 index was up 0.9% at 2,605. The technology-laden Nasdaq Composite Index was up 1% at 6,941. All three benchmarks saw hefty losses in a tech-and-trade inspired selloff that took the Nasdaq into negative territory for 2018 and the S&P 500 to its first close below its closely watched 200-day moving average in about two years.