Stocks rose across the board on Tuesday, building on the previous session’s strong gains, as lawmakers tried to make inroads on a new coronavirus stimulus package.
The Dow Jones Industrials grew 164.07 points to 26,828.47.
The S&P 500 gained 11.9 points to 3,306.51. Both the Dow and S&P 500 posted three-day winning streaks.
The NASDAQ recovered 38.37 points to 10,941.17, notching its fifth straight day of gains and a record close. The tech-heavy index is up more than 21% in 2020.
Big Tech, which has led the major market indexes for much of the past week, traded mixed on Tuesday. Apple, one of the best performers in the Dow on Tuesday, finished the session up 0.6%. Netflix, meanwhile, gained 2.2%. Losses from the so-called FAANG group came from Facebook, which fell 0.85%, and Alphabet, which slipped 0.6%.
The upswing on Tuesday came after House Speaker Nancy Pelosi said that she, Senate Minority Leader Chuck Schumer and White House chief of staff Mark Meadows held “productive” discussions on Monday, despite a handful of issues still outstanding.
Both sides have indicated they agree on another $1,200 stimulus check, but remain deadlocked on additional unemployment assistance.
Prices for the 10-Year Treasury gained, lowering yields to 0.51% from Monday’s 0.54%. Treasury prices and yields move in opposite directions.
Oil prices regained 57 cents to $41.58 U.S. a barrel.
Gold prices shone $47.00 brighter to $2,033.30 U.S. an ounce.