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New York Stock Exchange. Image by Patrick Gruban.

US Stocks End With Modest Gains on Renewed Stimulus Hopes

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Key Points

  • Wall Street recouped some of Monday’s losses on Tuesday, closing slightly higher amid renewed signs Washington policymakers can finally agree on a spending package to aid the US economy.
  • The benchmark Dow Jones Industrial Average gained 0.4 percent to end at 28,308.79.
  • The broad-based S&P 500 gained 0.5 percent to 3,443.12 while the tech-rich Nasdaq rose 0.3 percent to 11,516.49.
  • Visit The Financial Today’s homepage for more stories.

NEW YORK — Wall Street recouped some of Monday’s losses on Tuesday, closing slightly higher amid renewed signs Washington policymakers can finally agree on a spending package to aid the US economy.

The benchmark Dow Jones Industrial Average gained 0.4 percent to end at 28,308.79.

The broad-based S&P 500 gained 0.5 percent to 3,443.12 while the tech-rich Nasdaq rose 0.3 percent to 11,516.49.

Investors got a pleasant surprise in the afternoon when House Speaker Nancy Pelosi said lawmakers were starting to write stimulus spending legislation and she was optimistic it could be passed before the November 3 election.

And Senate Majority Leader Mitch McConnell, who has rejected the proposed price tag of around $2 trillion, changed course and said he would bring the package to a vote if there is a bill President Donald Trump supports.

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