Stocks jumped Tuesday, gaining for a second consecutive session as a weaker U.S. dollar boosted commodities and dollar-sensitive stocks, fueling a broad-based rally. The U.S. dollar fell sharply versus the euro and the yen, resuming its recent plunge against a basket of currencies. The decline helped dollar-traded commodities like oil and gold and stocks of multinational companies that benefit from a weaker U.S. currency. The Dow Jones industrial average rose 131.50, or 1.4 percent, to 9,731.25. Materials and commodities stocks surged, including Exxon Mobil, Chevron, DuPont, and Alcoa. Other big gainers were Caterpillar, Hewlett-Packard, IBM, J.P. Morgan Chase, and United Technologies. Boeing Company said Tuesday it will take a $1 billion charge in the third quarter because of higher costs to produce its 747-8 jetliners and the difficult market conditions. While Boeing stock was little changed, it was the only Dow decliner. The broader Standard & Poor's 500 index rose 14.26, or 1.4 percent, to 1,054.72. The technology-heavy Nasdaq composite index rose 35.42, or 1.7 percent, to 2,103.57. The New York Stock Exchange composite index rose 104.55 to 6,899.68. The American Stock Exchange composite index rose 16.00 to 1,780.81. And the Russell 2000 index rose 10.87 to 601.98.
