Stocks continued Monday's momentum all throughout Tuesday's session after European Union leaders agreed to a new fiscal stimulus package to help support the economies of the 27-country bloc as they recover from the coronavirus pandemic. After almost five days of discussions, the E.U. agreed to create a 750 billion euro ($858 billion) recovery fund that will see half of the funds distributed through grants and the other half through low-interest loans. Wall Street investors expect Congress to make a similar decision sometime this week since some of the CARES Act programs are set to expire at the end of the month.
Here's how the market settled on Tuesday:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
For Major Stock News, big tech stocks--Facebook
For Sector Performance, most industries gained during Tuesday's session, with only Information Technology -1.06%, Communication Services -0.41%, Consumer Discretionary -0.36% and Health Care -0.06% lagging behind. The majority of sectors that settled with performance gains include: Energy +6.15%, Financials +1.91%, Industrials +1.31%, Consumer Staples +0.98%, Materials +0.85%, Utilities +0.46% and Real Estate +0.01%.
For Commodities and Currency, crude oil futures rose on Tuesday due to more positive coronavirus vaccine news and new E.U. stimulus. West Texas Intermediate
As the market head into the mid-week, investors will focus on more coronavirus headlines as well as more corporate earnings including Microsoft