Dow ends about 260 points higher Tuesday, stocks book back-to-back gains


Major U.S. stock indexes booked back-to-back gains on Tuesday, erasing earlier weakness after big-box retailer Target Corp. lowered its operating-margin guidance. The Dow Jones Industrial Average DJIA, +0.80% rose about 264 points, or 0.8%, ending near 33,179. The S&P 500 SPX, +0.95% closed up 1%, while the Nasdaq Composite Index COMP, +0.94% rose 0.9%, adding to modest gains for all three benchmarks on Monday. Stocks wobbled earlier in the session after Target TGT, -2.31% outlined plans for price hikes, markdowns and more to help offset inventory woes tied to supply-chain bottlenecks and higher energy costs. Investors have been closely monitoring big retailers for signs of a potential pullback by consumers juggling higher costs at the gas pump, grocery store and elsewhere as inflation runs hot.

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