TOKYO (AP) — Trading on the Tokyo Stock Exchange was suspended Thursday because of a problem in the system for relaying market information. Most other Asian markets were closed for national holidays.

The Tokyo Stock Exchange said that all trading was stopped because of the problem and it was unclear when it would be resolved and the system would be operating again. Australia’s S&P/ASX 200 gained 1.3% in early trading to 5,888.40. Trading was closed in South Korea and China for national holidays.

On Wall Street, prospects for additional support from Congress for the economy helped drive the day’s trading, as they have for weeks. The S&P 500 shot to a gain of as much as 1.7% after Treasury Secretary Steven Mnuchin spoke positively on CNBC before his afternoon talks with House Speaker Nancy Pelosi — their first face-to-face meeting in more than a month in a last-ditch effort to seal a tentative accord on an additional round of coronavirus relief.

But the gains nearly vanished as pessimism rose about Washington’s ability to get past its partisanship and send economic aid that investors say is crucial. The S&P 500 hit its low for the day just after Pelosi said she and Mnuchin “found areas where we are seeking further clarification,” though she said talks will continue.

By the end of trading, momentum had returned, and the S&P 500 rose 27.53 points, or 0.8%, to 3,363.00. The Dow Jones Industrial Average gained 329.04, or 1.2%, to 27,781.70, and the Nasdaq composite added 82.26, or 0.7%, to 11,167.51.

It was the last day of a strong quarter for the market, where the S&P 500 rallied 8.5% to follow up on its 20% surge in the spring. Continued support from the Federal Reserve helped drive the gains, as the central bank leaned further

Read about how Congress delaying the stimulus doomed lots of smaller businesses. How to artfully negotiate a correction. Why Consumer tech spending could accelerate. Why many market views have become predictable despite so much uncertainty and possible outcomes. And how you may regret waiting for another market pullback before buying. It’s all on Real Money right now.



a sign at night: 5 Best Stories on Real Money: Cramer's DC Failure, Market Turns


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5 Best Stories on Real Money: Cramer’s DC Failure, Market Turns

Here are five must reads from the columnists of Real Money and Real Money Pro, our premium sites for Wall Street professionals and active investors:

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Jim Cramer: Thanks for Nothing, Washington

Washington failed. Without a stimulus, it’s too late. While it may be great for the stock market, it’s horrible for the 14 to 15 million souls trying to put food on the dinner table, writes Jim Cramer.

When people say the stock market doesn’t reflect the real economy they are missing a salient point: By designating some companies as essential and others as non-essential, the state governments doomed lots of smaller businesses. They ended up desperate for funds.

Rev Shark: The Art of Navigating a Correction

Most traders and investors experience a similar pattern of profits and losses in their accounts. We work hard to steadily build gains in our accounts and then the market will suddenly reverse and we see weeks or even months of hard work suddenly disappear in just a few days.

It can be discouraging and downright depressing and we will berate ourselves for not being more careful. We assure ourselves we will not let it happen again, but of course it does, says James “Rev Shark” DePorre. Sizable, sudden losses will occur when the market turns. Find ways to use that to your advantage.

Jhonsa: Stimulus and Cold Weather Could Light Fresh