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U.S. Stocks Move Mostly Higher Amid Unrelenting Stimulus Optimism

(RTTNews) - Stocks have moved mostly higher in morning trading on Tuesday, with the major averages all moving to the upside after closing mixed for three consecutive sessions. The mixed closed on Monday came after the Dow reached a new record intraday high.

Currently, the major averages are off their highs of the session but still in positive territory. The Dow is up 118.23 points or 0.4 percent at 29,979.78, the Nasdaq is up 76.00 points or 0.6 percent at 12,516.04 and the S&P 500 is up 19.25 points or 0.5 percent at 3,666.74.

Unrelenting optimism about a new fiscal stimulus bill has contributed to the strength on Wall Street even as lawmakers have struggled for months to reach a compromise on a new relief package.

House Speaker Nancy Pelosi's Deputy Chief of Staff Drew Hammill noted that the Democratic leader spoke with Treasury Secretary Steven Mnuchin about a coronavirus relief bill in a phone conversation Monday night.

"Recognizing the need to advance a final agreement on both matters together and quickly this week, the Speaker and the Secretary discussed the urgency of the committees finishing their work as soon as possible," Hammill said on Twitter.
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