Stocks extend gains in final hour of trading, Dow up 300 points; European stocks close higher as Ukraine-Russia talks raise hopes; Stoxx 600 up 1.7% 
Stocks rose on Tuesday, extending Wall Street’s winning streak as traders monitored ceasefire negotiations in Europe and key levels in the bond market. 
The Dow Jones Industrial Average rose 300 points, or 0.8%. The S&P 500 gained 1.2%, while the Nasdaq Composite climbed 1.8%. 
Auto stocks were some of the biggest gainers, with Ford and GM each rising about 5%. In tech, Netflix climbed more than 3% and Snap jumped nearly 5%. 
In corporate news, shares of FedEx rose more than 3% after the company announced that founder Fred Smith would step down as CEO on June 1 and be replaced internally. 
Health care giant UnitedHealth Group announced a deal to buy LHC Group for $170 per share, sending the smaller company’s stock up 7%. 

The pan-European Stoxx 600 closed up by 1.7%, with autos soaring 5.9% to lead the gains as all sectors traded in positive territory except basic resources and oil and gas, which fell 2.2% and 1.9% respectively. In terms of individual share price movement, French auto parts maker Faurecia added 17% to lead the Stoxx 600 amid a rally in auto stocks. On the opposite end of the benchmark, German chemicals firm K+S fell over 10%. 
Source: CNBC, Investing.com