Dow Jones surges 500 points

US stock indices rose on Tuesday despite ongoing warnings from potential recession this year.

Goldman Sachs analysts warned the US economy will probably go in recession soon.

However US President Joe Biden said a recession isn't inevitable this year.

Dow Jones rose 1.6% to 30,382 as of 14:14 GMT, while S&P 500 rose 2.3% to 3,763, as NASDAQ rose 2.9% to 11,111.