July 14 (UPI) -- The Dow Jones Industrial Average climbed more than 500 points on Tuesday, marking three consecutive days of gains.
The blue-chip index closed the day up 556.79 points, or 2.13 percent, while the S&P 500 gained 1.34 percent and the Nasdaq Composite increased 0.94 percent.
Caterpillar stock drove the Dow higher, rising 4.83 percent, while Exxon Mobil and Chevron stock both gained more than 3 percent. Boeing stock increased 2.48 percent, despite announcing that airlines had canceled 60 more orders of its 737 Max aircraft.
The S&P 500 was led by the energy sector, which gained 2.5 percent, while materials and industrials each increased 1 percent.
The Nasdaq's gains came after the index rose nearly 2 percent to a record in early trading Monday but ended the day down more than 2 percent.
"That calls for a sustained and comprehensive framework of accommodation," she said.
Brainard added that fiscal support, such as one-time individual relief payments and expanded unemployment insurance benefits, "will remain vital" to recovery in spending and hiring.