The Dow Jones Industrial Average soared 196 points on Tuesday, while the Nasdaq climbed 58 points and the S&P 500 posted a 23 point gain.
The market reacted strongly to a consumer confidence report for May that surged to 54.9, reflecting the largest gain since 2003 -- and to a Morgan Stanley raise of Apple to overweight based on the expectation that the iPhone will provide profit growth for the next two years.
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