Stocks traded mostly higher during Tuesday's session as investors still anticipated coming stimulus to alleviate some of the economic stress brought by the coronavirus pandemic. Yet, the stimulus bill may take some time to pass in Congress, with lawmakers still split on the deals of the new relief bills. One of the main issues that both congressional Democrats and Republicans agree on is another round of $1,200 stimulus for qualified Americans. But the two sides are still in disagreement over issues like additional unemployment assistance and eviction aid.
Here's how the market settled on Tuesday:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
In Major Stock News, space company Virgin Galactic
For Sector Performance, most industries climbed higher on Tuesday, with only Health Care -0.45% and Financials -0.44% lagging behind. The performance increases were as follows: Energy +2.46%, Real Estate +1.36%, Consumer Staples +1.36%, Materials +1.33%, Utilities +1.07%, Consumer Discretionary +0.82%, Communication Services +0.34%, Industrials +0.27% and Information Technology +0.22%.
For Commodities and Currency, oil prices continued to rise on Tuesday, reaching close to five-month highs on hopes for more federal stimulus. Brent Crude
As the market moves into mid-week trading, investors will mostly focus on more news surrounding economic stimulus as well as quarterly earnings from companies like CVS Health