Wall Street Gains Over 2 Percent in Broad Rebound

Wall Street Gains Over 2 Percent in Broad Rebound
Traders work on the floor of the New York Stock Exchange (NYSE) in New York on June 15, 2022. Brendan McDermid/Reuters
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Wall Street’s major indexes jumped over 2 percent on Tuesday as investors scooped up shares of megacap growth and energy companies after the stock market swooned last week on worries over a global economic downturn.

All 11 major S&P 500 sectors gained, as stocks rebounded broadly after the benchmark index last week logged its biggest weekly percentage decline since March 2020.