Wall Street: Points and Index

wall street: On Tuesday, the key market gauge surged 230.85 points. ; The Topix index ended up 9.88 points, or 0.61 percent, at 1,637.33, after gaining 15.19 points the previous day, according to The Japan Times. Sentiment improved after all three major U.S. stock indexes the Dow Jones industrial average, the S&P 500 index and the tech-heavy Nasdaq composite index hit new closing highs on Tuesday. The Nikkei rose 89.20 points, or 0.45 percent, to 19,865.82, its highest finish since Aug. 8. The advance on Wall Street reflected receding geopolitical risks linked to North Korea and easing concerns over the impact of Hurricane Irma on the United States, brokers said. The situation surrounding North Korea, which conducted its sixth and most powerful nuclear test on Sept. 3, will be in a lull for the time being, the official said. A risk-on mood began to spread in the Tokyo market, which was supported mainly by short covering on Monday and Tuesday, an official at a bank-linked securities firm said. (news.financializer.com). As reported in the news.