Stocks rallied Tuesday as the euro gained against the dollar after a number of successful European debt auctions eased investor concerns about the euro zone’s solvency crisis. Techs and industrials led the advance.
The S&P 500 rose 2.4 percent to trade above its 200-day moving average of 1,108.26 for the first time since May. The tech-heavy Nasdaq gained 2.8 percent. And the CBOE volatility index, widely considered the best gauge of fear in the market, was near 25 at the closing bell.