Markets Right Now: US stocks close broadly higher
NEW YORK (AP) — The latest on developments in financial markets (all times local):
4 p.m.
U.S. stocks rallied as banks, retailers, and smaller companies jumped.
The gains Tuesday helped the market recover most of its losses over the previous two days.
The Turkish lira steadied as officials from Turkey and the U.S. said the countries are in talks to ease diplomatic tensions, which have resulted in tariffs on Turkish steel and aluminum.
Stocks in emerging markets like Argentina, Russia and Brazil jumped.
In the U.S., smaller companies rose more than the rest of the market.
Several retailers rose after posting solid results. Advance Auto Parts rose 7.8 percent.
The S&P 500 index rose 18 points, or 0.6 percent, to 2,839.