Stocks climb on Wall Street, breaking a 4-day losing streak
Stocks closed broadly higher on Wall Street, breaking a four-day losing streak for the S&P 500. The benchmark index added 1.3% Tuesday, and other major indexes also rose. Small-company stocks did especially well, a sign that investors are feeling more optimistic about prospects for the economy. A measure of small-company stocks hit a record high, as did the Nasdaq composite. Investors were hopeful that Washington can get past its partisan divide to deliver more aid to the struggling economy. Hopes are also rising for the economy’s prospects as regulatory approval for a second COVID-19 vaccine may be imminent. Treasury yields rose.
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