Stocks start higher on Wall Street as vaccinations roll out
NEW YORK (AP) — Wall Street is getting off to a solid start as COVID-19 vaccinations continue to roll out in the U.S. and as a second vaccine candidate moved closer to winning approval from regulators. The S&P 500 rose 0.7% in the early going Tuesday. The benchmark index is coming off a four-day losing streak. Investors are also hopeful that Congress may be moving closer to approving another round of long-awaited stimulus for the economy, which has been thrown into recession by the pandemic. Treasury yields rose, crude oil prices moved higher and European markets were mostly in the green. Asian markets ended broadly lower.
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