NEW YORK (AP) — Bank stocks turbocharged a rally across the financial markets Tuesday, and all three major stock indexes posted their biggest gains of the year. The Dow Jones industrial average rose 218 points and closed at its highest level since the end of 2007.
The Nasdaq composite closed above 3,000 for the first time since December 2000, during the collapse in dot-com stocks.
The market rallied from the opening bell Tuesday after the government said February retail sales gains were the strongest since September. Americans spent more on cars, clothes and appliances.