U.S. stocks rallied Tuesday, with the Dow Jones Industrial Average gaining more than 300 points, after lawmakers reached a tentative deal to prevent a government shutdown and as optimism grew over a potential trade deal between the U.S. and China.
How are major indexes faring?
The Dow DJIA, +1.48% climbed 374 points, or 1.5%, to 25,427, while the S&P 500 index SPX, +1.28% added 36 points, or 1.3%, to 2,745. The Nasdaq Composite Index COMP, +1.47% advanced 104 points, or 1.4%, to 7,412.
What’s driving the market?
Democratic and Republican lawmakers reached a deal late Monday to avert another government closure after GOP negotiators agreed to a border-security deal that will involve far less money for an extension of the southern U.S. border wall than President Donald Trump has been demanding.
The tentative agreement, which involves 55 miles of new border fencing, still requires approval from Trump, who reportedly is not “thrilled” but stopped short of saying he will reject it.
Bilateral trade negotiations entered a second day in Beijing, with Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer due to arrive Thursday for more high-level discussions. A 12:01 a.m. Eastern time March 2 deadline is looming for an agreement to be struck between the two countries.
Meanwhile, investors digested a new batch of earnings releases as fourth-quarter earnings season entered its final stretch.
The National Federation of Independent Businesses small business index fell 3.2 points to 101.2, the lowest level since the weeks leading up to the 2016 presidential election, though above its historical average of 86.
The number of job openings in the U.S. reached an all-time high of 7.3 million in December while the share of Americans quitting there jobs held steady at 2.3%, according to