US stocks close higher, Dow Jones jumps 550 points

US stock indices rose on Tuesday, and recouped some of yesterday's losses that came due to renewed Covid worries.

World Health Organization data stated that coronavirus infections have increased in the USs, Europe and Asia due to the new Delta strain, which has renewed fears of the pandemic spreading out of control.

Bear in mind that the mutated Delta strain was detected in Europe, the UK and several other countries around the world, after it first emerged in India.

Data showed that the US Housing Starts index rose by 6.3% during the past month to 1.64 million units.

To the oil market, WTI crude August futures rose rose 1.5% or $1, and closed at $67.42 a barrel, after hitting a high of $67.6 and a low of $65.2.

Brent September futures rose 1% or 73 cents, and closed at $69.35 a barrel, after hitting a high of $69.6 and a low of $67.4.

As for stocks, Dow Jones rose 1.6% or 550 points, and closed at 34,511, with a day high of 34,621, and a low of 33,981.

S&P 500 rose 1.5% or 64 points to 4,323, after hitting a high of 4,336 and a low of 4,262 points.

Nasdaq rose 1.6% or 223 points to 14,498, with a high of 14,555 and a low of 14,271.