<ul><li>US stocks opened mixed on Tuesday ahead of the Fed's two-day March meeting.</li></ul><ul><li>The central bank is expected to release new rate forecasts amid a surge in interest rates.</li><li>Gold prices jumped while bitcoin slipped after hitting a new record over the weekend.</li><li><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestest?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener noreferrer">Sign up here for our daily newsletter, 10 Things Before the Opening Bell</a>.</li></ul>US stocks opened mixed on Tuesday ahead of the Federal Reserve's two-day March meeting. The central bank is expected to release new rate forecasts this week amid a surge in interest rates. The US central has kept interest rates nearly unchanged over the past year. Yet bond yields in 2021 have surged to new highs, causing some investors to believe that the central bank will raise rates sooner than expected in order to contain inflation.Stocks closed higher on Monday amid continued optimism of a nationwide economic recovery within reach after President Joe Biden signed <a href="https://www.businessinsider.com/stimulus-biden-signs-trillion-covid-relief-package-checks-direct-payments-2021-3?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest">the $1.9 trillion stimulus program</a> into law last week. The Dow hit a new record, extending its rally for the sixth straight session lifted by airline shares that soared as the Transportation Security Administration said<a href="https://www.businessinsider.com/airline-stocks-united-southwest-american-delta-stock-price-air-travel-2021-3"> air travel</a> was at its busiest level in the US in nearly a year.Here's where US indexes stood after the 9:30 a.m. ET open on Tuesday:<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingestm=ingest">S&amp;P 500</a>: 3,974.18, up 0.13%</li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingestgest">Dow Jones industrial average</a>:32,913.67 down 0.12% (39.79 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingestgest">Nasdaq composite</a>: 13,544.91, up 0.62%</li></ul>Trading app eToro, a Robinhood rival, will <a href="https://markets.businessinsider.com/news/stocks/fintech-acquisition-corp-v-spac-etoro-trading-platform-report-2021-3-1030213280">go public via a $10.4 billion merger</a> with Betsy Cohen's FinTech V SPAC as it looks to expand its presence in the US. <a href="https://markets.businessinsider.com/stocks/ftcv-stock?utm_source=markets&amp;utm_medium=ingestgest">FinTech Acquisition Corp. V (FCTV)</a> shares jumped. <a href="https://www.businessinsider.com/us-retail-sales-february-economic-recovery-stimulus-reopening-activity-coronavirus-2021-3">US retail sales contracted 3%</a> in February, the <a href="https://www.census.gov/retail/marts/www/marts_current.pdf">Census Bureau</a> reported Tuesday, as the effects of the stimulus petered out. Economists surveyed by Bloomberg expected sales to decline by 0.5% in February. <a href="https://markets.businessinsider.com/commodities/gold-price?utm_source=markets&amp;utm_medium=ingestgest">Gold</a> jumped 0.25, to $1,733.40 per ounce as US treasury yields eased.Oil prices fell. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti?utm_source=markets&amp;utm_medium=ingestgest">West Texas Intermediate crude</a> slipped 1.85%, to $64.19 per barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestarkets&amp;utm_medium=ingest">Brent crude</a>, oil's international benchmark, declined by 1.66%, to $67.72 per barrel.<a href="https://uk.tradingview.com/symbols/BTCUSD/">Bitcoin</a> slipped 2.28% to $55,303 after soaring to $61,000 over the weekend, its all-time high.

US stocks trade mixed after hitting new records as investors await Fed meeting

<ul><li>US stocks were mixed on Tuesday following the <keyword id="123873" type="PERSON" weightage="60" keywordseo="SP-500">S&amp;P 500</keyword>'s best daily gain since June on Monday.</li><li>Zoom popped 9% after the video-conferencing darling beat earnings expectations.</li><li>China's banking regulator warned US <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> are potentially creating bubbles. </li><li><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingesttm_medium=ingest" target="_blank" rel="noopener">Sign up here for our daily newsletter, 10 Things Before the Opening Bell</a>.</li></ul>US stocks were mixed on Tuesday after a rally on Monday that saw the S&amp;P 500 post its strongest daily gain since June, as the full reopening of the US economy seemed within reach. US daily coronavirus cases are falling and on track to be below 40,000 this week after a slight surge last week, according to Fundstrat data. This positive news, along with falling volatility and rising bond prices, likely led Monday's rally that investors are hoping to continue on Tuesday.Here's where US indexes stood after the 9:30 a.m. ET open on Tuesday:<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500_500" target="_blank" rel="noopener">S&amp;P 500</a>: 3,901.39, down 0.01%</li><li><a href="https://markets.businessinsider.com/index/dow_jones" target="_blank" rel="noopener">Dow Jones industrial average</a>: 31,550.03 up 0.05% (14.52 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite" target="_blank" rel="noopener">Nasdaq composite</a>: 13,560.88, down 0.21%</li></ul><a href="https://markets.businessinsider.com/news/stocks/stock-market-bubble-us-european-asset-china-banking-regulator-2021-3-1030139346">US and European markets are racing ahead of their real economies, potentially creating bubbles that could pop</a>, China's banking regulator has warned. Guo Shuqing, chair of the China Banking and Insurance Regulatory Commission, said US and European markets are racing ahead of their real economies, potentially creating bubbles that could pop. Zoom jumped 9% after the video platform beat earnings estimates and forecasted strong growth. The company's revenue forecast for the coming year <a href="https://markets.businessinsider.com/news/stocks/zoom-stock-price-q4-earnings-beat-estimates-2021-3-1030139521?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">was above Wall Street expectations.</a>Bitcoin traded above $48,000 after briefly climbing back above $50,000 for the first time in six days. Oil prices were higher. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti">West Texas Intermediate crude</a> jumped as much as 0.54%, to $61 per barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestts&amp;utm_medium=ingest">Brent crude</a>, oil's international benchmark, rose by 0.44%, to $63.96 per barrel.<a href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> jumped 0.16%%, to $1,726.20 per ounce.

US stocks mixed as investors hit pause on Monday's rally

<ul><li>US <keyword id="6354298" type="DEFINITION" weightage="60" keywordseo="Stocks">stocks</keyword> gained on Wednesday as investors continue to hold out hope for another round of fiscal stimulus to help hasten the economic recovery from the COVID-19 pandemic.</li><li>The Dow Jones industrial average and S&amp;P 500 reached new intraday records in early trading.</li><li>While there continues to be back-and-forth negotiations between Democrats, Republicans, and the White House, a <a href="https://www.businessinsider.com/white-house-proposes-new-coronavirus-package-with-600-stimulus-checks-2020-12">new $916 billion proposal</a> from the White House that includes direct stimulus checks of $600 was unveiled yesterday.</li><li><a href="https://markets.businessinsider.com/indices">Watch major indexes update live here</a>.</li></ul>US stocks traded higher on Wednesday as investor hope of another round of fiscal stimulus to hasten the economic recovery from the COVID-19 pandemic remained elevated. The Dow Jones industrial average and S&amp;P 500 reached new intraday records in early trading.Democrats and Republicans may not be on the same page yet, but they are in the same book. Dueling proposals of a $908 billion and a $916 billion stimulus package are on the table, with the White House and Treasury Secretarty Steve Mnuchin revealing the latter package yesterday.<a href="https://www.businessinsider.com/white-house-proposes-new-coronavirus-package-with-600-stimulus-checks-2020-12">The $916 billion stimulus package</a> would include direct stimulus checks worth $600, aid to state and local governments, and liability protections for businesses and schools. The one sticking point though is a significant reduction in unemployment benefits relative to the bipartisan $908 billion package unveiled last week.Here's where US indexes stood shortly after the 9:30 a.m. ET open on Wednesday:<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500_500" target="_blank" rel="noopener">S&amp;P 500</a>: 3,709.63, up 0.2%</li><li><a href="https://markets.businessinsider.com/index/dow_jones" target="_blank" rel="noopener">Dow Jones industrial average</a>: 30,242.31, up 0.2% (68 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite" target="_blank" rel="noopener">Nasdaq composite</a>: 12,599.80, up 0.1%</li></ul>Read more: <a href="https://www.businessinsider.com/top-wall-street-investors-of-2020-stock-picks-2021-outlook-2020-12" target="_blank" rel="noopener">We spoke with Wall Street's 9 best-performing fund managers of 2020 to learn how they crushed the chaotic market - and compile the biggest bets they're making for 2021</a>House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer called the sizable slash in unemployment benefits "unacceptable," but did note progress given that Senate Majority Leader Mitch McConnell signed off on the proposal.<a href="https://markets.businessinsider.com/news/stocks/fireeye-stock-price-cybersecurity-firm-cyber-attack-hack-tools-theft-2020-12-1029877278">FireEye stock tumbled on Wednesday</a> after it revealed a highly sophisticated security breach by what it believes to be was a state-sponsored actor. <a href="https://markets.businessinsider.com/news/stocks/zoom-stock-price-downgraded-jpmorgan-covid19-vaccine-could-dent-upside-2020-12-1029877473">Zoom Video was downgraded by JPMorgan</a> to Neutral on Wednesday, citing a high valuation that prices in all potential upside, and the mass vaccination against the COVID-19 virus which could put a dent in its business.Oil prices edged higher. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti">West Texas Intermediate crude</a> rose as much as 1.4%, to $46.24 per barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestts&amp;utm_medium=ingest">Brent crude</a>, oil's international benchmark, jumped 1.5%, to $49.55 per barrel, at intraday highs.<a href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> fell as much as 1.1%, to $1,849.26 per ounce.Read more: <a href="https://www.businessinsider.com/investing-strategy-hedge-fund-managers-trades-bets-2020-emmet-peppers-2020-12" target="_blank" rel="noopener">Emmet Peppers grew his accounts from $30,000 in 2010 to over $70 million this year. The newly minted hedge fund manager breaks down how he spotted early opportunities in Tesla, Facebook, and the COVID-19 market crash - and shared one IPO on his radar.</a>

Dow, S&P 500 hit new records as fiscal-stimulus hopes remain elevated

<ul><li>US stocks erased early losses and closed at record highs as Congress inched closer to a stimulus compromise and coronavirus vaccinations began in the UK.</li><li>Senate Majority Leader Mitch McConnell seemingly eased in his opposition to a $908 billion proposal supported by Democrats and Republicans, saying Tuesday that members of both parties will have to set aside some differences to pass a bill.</li><li>Lawmakers now aim to extend government funding by a week <a href="https://www.businessinsider.com/congress-stimulus-talks-with-short-term-spending-bill-extension-trump-2020-12?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">to further negotiate a stimulus deal</a>.</li><li>UK residents began receiving Pfizer and BioNTech's vaccine on Tuesday. Regulators in the US indicated the shot has no safety issues and provides some protection to COVID-19 after the first dose.</li><li>Oil futures fell on concerns of weakening demand. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest" target="_blank" rel="noopener">West Texas Intermediate crude</a> dropped as much as 1.4%, to $45.14 per barrel.</li><li><a href="https://markets.businessinsider.com/indices?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Watch major indexes update live here</a>.</li></ul>US equities retraced early losses and rallied to fresh record highs on Tuesday as Congress made mild progress in stimulus talks and investors cheered the first COVID-19 vaccinations. The <keyword id="123873" type="PERSON" weightage="60" keywordseo="SP-500">S&amp;P 500</keyword>, <keyword id="156451" type="ORGANIZATION" weightage="60" keywordseo="Nasdaq-Composite">Nasdaq composite</keyword>, and <keyword id="70622" type="ORGANIZATION" weightage="60" keywordseo="Dow-Jones-Industrial-Average">Dow Jones industrial average</keyword> all closed at all-time peaks.Senate Majority Mitch McConnell inched closer to reaching a compromise with Democrats in Congress over a new stimulus deal. After proposing his own measure on Monday, the senator said that both parties will need to set aside some differences to pass a relief package.He later suggested the roughly $900 billion deal should drop both state and local aid and pandemic-related liability protections for businesses, according to <a href="https://twitter.com/elwasson/status/1336390573561876480?s=20">Bloomberg</a>. The two components were strongly backed by Democrats and Republicans, respectively. Lawmakers aim to extend government funding by a week to <a href="https://www.businessinsider.com/congress-stimulus-talks-with-short-term-spending-bill-extension-trump-2020-12?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">buy time for additional stimulus negotiations</a>.Here's where US indexes stood at the 4 p.m. ET market close on Tuesday:<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestedium=ingest" target="_blank" rel="noopener">S&amp;P 500</a>: 3,702.25, up 0.3%</li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest" target="_blank" rel="noopener">Dow Jones industrial average</a>: 30,173.88, up 0.4% (104 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest" target="_blank" rel="noopener">Nasdaq composite</a>: 12,582.77, up 0.5%</li></ul>Read more: <a href="https://www.businessinsider.com/stocks-to-buy-2021-top-dividend-payers-sp500-goldman-sachs-2020-12?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Goldman Sachs says buy these 25 stocks it expects to pay big dividends that will keep growing over the next decade</a>Failure to pass more fiscal aid could allow the economic recovery to weaken further as the US enters what's set to be the most dangerous phase of the coronavirus crisis yet. The US reported 180,193 new COVID-19 cases on Monday, bringing the 7-day average to 196,882, according to <a href="https://covidtracking.com/data" target="_blank" rel="noopener">The COVID Tracking Project</a>. Hospitalizations rose above 102,000 and deaths neared 275,000.A lack of corporate news and the latest wave of the coronavirus might make near-term gains more difficult, but stimulus hopes also limit the market's downside risks, Lindsey Bell, chief investment strategist at Ally Invest, said."The November job report and rise in COVID cases likely have market participants feeling more optimistic about fiscal support," she added.Read more: <a href="https://www.businessinsider.com/trading-strategy-market-wizard-chris-camillo-shares-secrets-to-millions-2020-12?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Market wizard Chris Camillo grew his trading account by $9.7 million in 2020. Here's the simple strategy he's using to mint millions.</a>Investors also cheered the rollout of the first coronavirus vaccines in the UK. The shot, developed by <a href="https://markets.businessinsider.com/stocks/pfe-stock">Pfizer</a> and <a href="https://markets.businessinsider.com/stocks/bntx-stock">BioNTech</a>, could win approval from the US Food and Drug Administration as soon as Thursday. The US Food and Drug Administration said Tuesday that the vaccine provides some protection from COVID-19 after a first dose and presents no safety issues.<a href="https://markets.businessinsider.com/stocks/tsla-stock?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest">Goldman Sachs</a> lifted its <a href="https://www.businessinsider.com/economic-outlook-4th-quarter-gdp-growth-estimate-goldman-mass-vaccination-2020-12">fourth-quarter US growth forecast</a> to 5% from 3.2% on Tuesday, citing hopes for a coronavirus vaccine to spur a strong bounce-back in economic activity.<a href="https://markets.businessinsider.com/stocks/tsla-stock?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest" target="_blank" rel="noopener">Tesla</a> pared losses and rose slightly after announcing it will <a href="https://markets.businessinsider.com/news/stocks/tesla-may-sell-5-billion-stock-occasional-offerings-2020-12-1029872726">raise up to $5 billion</a> through new stock sales. The plans mark Tesla's third stock issuance this year. Wedbush analyst Dan Ives called the sale a "<a href="https://markets.businessinsider.com/news/stocks/analyst-reaction-tesla-stock-offering-5-billion-rally-tsla-price-2020-12-1029873363?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">smart move</a>," as it allows Tesla to use some of its 667% year-to-date rally to bolster the company's balance sheet.<a href="https://markets.businessinsider.com/news/stocks/stitch-fix-stock-price-surprise-profit-accelerated-growth-amid-pandemic-2020-12-1029874149?">Stitch Fix soared</a> after posting a surprise profit in its first-quarter earnings report. The clothing style company attributed the profit surge to an acceleration in new customers throughout the pandemic.Read more: <a href="https://www.businessinsider.com/investing-tips-strategy-future-of-transport-evs-5g-bny-mellon-2020-12" target="_blank" rel="noopener">A stock picker at a $558 billion firm lays out 2 under-the-radar trends disrupting the future of transportation- and explains why Slack and Virgin Galactic are perfect fits for his portfolio</a><a href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> again fell below its $19,000 support to a 24-hour low of $18,629.54. The token has fluctuated around that level in recent days as investors mull whether it can reach $20,000 for the first time.<a href="https://markets.businessinsider.com/commodities/gold-price?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Spot gold</a> gained as much as 0.7%, to $1,875.39 per ounce, at intraday highs. The US dollar gained against all but one of its Group-of-10 peers, while Treasury yields slid.Oil futures wavered as investors gauged demand concerns against vaccine optimism. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest" target="_blank" rel="noopener">West Texas Intermediate crude</a> dropped as much as 1.4%, to $45.14 per barrel, before paring losses. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestce=markets&amp;utm_medium=ingest" target="_blank" rel="noopener">Brent crude</a>, oil's international benchmark, retraced losses and rose as much as 0.4%, to $49 per barrel, at intraday highs.Now read more <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> coverage from Markets Insider and Business Insider:<a href="https://www.businessinsider.com/stock-market-investing-strategy-after-covid-vaccine-franklin-templeton-outlook-2020-12">The equities chief at $1.4 trillion Franklin Templeton says stocks are 'priced for perfection' - but investors still shouldn't wait to get in. He tells us 9 ways they can get the market-beating returns.</a><a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-stretched-investor-positioning-sp500-strategy-goldman-sachs-2020-12-1029874597">Stocks could stumble in early 2021 as investor sentiment surges past market fundamentals, Goldman Sachs says</a><a href="https://markets.businessinsider.com/news/stocks/analyst-reaction-tesla-stock-offering-5-billion-rally-tsla-price-2020-12-1029873363">Tesla's latest stock sale is a smart move on the heels of a 667% year-to-date rally, analyst says</a>

S&P 500, Dow close at record highs amid Pfizer vaccine rollout and stimulus progress

<ul><li>US stocks fell on Tuesday as new hurdles to passing a stimulus deal curbed investor optimism.</li><li>Senate Majority Leader Mitch McConnell <a href="https://www.businessinsider.com/covid-19-stimulus-mcconnell-refuses-to-endorse-bipartisan-plan-2020-12">refused to back a $908 billion proposal</a> on Monday, instead urging Congress to pass a package that includes pandemic-related liability protections for businesses.</li><li>The package had garnered support from Democrats and Republicans alike, fueling hopes for near-term passage. Lawmakers now aim to extend government funding by a week <a href="https://www.businessinsider.com/congress-stimulus-talks-with-short-term-spending-bill-extension-trump-2020-12">to further negotiate a stimulus deal</a>.</li><li>Coronavirus cases continued to trend higher. Deaths neared 275,000 on Monday, according to <a href="https://covidtracking.com/data">The COVID Tracking Project</a>.</li><li>Oil futures fell on concerns of weakening demand. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">West Texas Intermediate crude</a> dropped as much as 1.4%, to $45.14 per barrel.</li><li><a href="https://markets.businessinsider.com/indices">Watch major indexes update live here</a>.</li></ul>US equities fell on Tuesday as soaring coronavirus cases and a holdup in stimulus negotiations dragged on investor sentiment.Hopes for a $908 billion stimulus package passing before the end of the year softened Monday afternoon. Senate Majority Mitch McConnell <a href="https://www.businessinsider.com/covid-19-stimulus-mcconnell-refuses-to-endorse-bipartisan-plan-2020-12">tossed cold water on the bipartisan proposal</a> and instead backed his own measure on Monday.The senator's proposal trades state and local government relief and bolstered unemployment benefits for education and small business aid, as well as pandemic-related liability protections for businesses. Until then, both Democrats and Republicans had warmed to the $908 billion proposal. Lawmakers now aim to extend government funding by a week to <a href="https://www.businessinsider.com/congress-stimulus-talks-with-short-term-spending-bill-extension-trump-2020-12">buy time for additional stimulus negotiations</a>.Here's where US indexes stood shortly after the 9:30 a.m. ET market open on Tuesday:<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingestm=ingest" target="_blank" rel="noopener">S&amp;P 500</a>: 3,683.18, down 0.2%</li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Dow Jones industrial average</a>: 30,012.82, down 0.2% (58 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Nasdaq composite</a>: 12,503.92, down 0.1%</li></ul>Read more: <a href="https://www.businessinsider.com/stocks-to-buy-2021-top-dividend-payers-sp500-goldman-sachs-2020-12" target="_blank" rel="noopener">Goldman Sachs says buy these 25 stocks it expects to pay big dividends that will keep growing over the next decade</a>Failure to pass more fiscal aid could allow the economic recovery to weaken further as the US enters what's set to be the most dangerous phase of the coronavirus crisis yet. The US reported 180,193 new COVID-19 cases on Monday, bringing the 7-day average to 196,882, according to <a href="https://covidtracking.com/data">The COVID Tracking Project</a>. Hospitalizations rose above 102,000 and deaths neared 275,000.Stocks <a href="https://markets.businessinsider.com/news/stocks/stock-market-news-today-drop-record-highs-amid-virus-cases-2020-12-1029870905">retreated from record highs</a> to start the week as investors balked at <a href="https://www.businessinsider.com/california-enters-most-restrictive-covid-19-lockdown-hospitalizations-soar-2020-12?utm_source=markets&amp;utm_medium=ingestgest">new economic restrictions in California</a>. The state implemented new stay-at-home measures to slow the virus's spread, including bar and restaurant closures. Shops were ordered to cut capacity to 20%.Though a coronavirus vaccine could win approval from the US Food and Drug Administration as soon as Thursday, soaring case counts spark concern that the economy could shrink again before staging a full recovery.Read more: <a href="https://www.businessinsider.com/trading-strategy-market-wizard-chris-camillo-shares-secrets-to-millions-2020-12" target="_blank" rel="noopener">Market wizard Chris Camillo grew his trading account by $9.7 million in 2020. Here's the simple strategy he's using to mint millions.</a><a href="https://markets.businessinsider.com/stocks/tsla-stock?utm_source=markets&amp;utm_medium=ingestgest">Tesla</a> fell from record highs after the automaker announced it will raise up to $5 billion through new stock sales. The plans mark Tesla's third stock issuance this year. Wedbush analyst Dan Ives called the sale a "<a href="https://markets.businessinsider.com/news/stocks/analyst-reaction-tesla-stock-offering-5-billion-rally-tsla-price-2020-12-1029873363">smart move</a>," as it allows Tesla to use some of its 667% year-to-date rally to bolster the company's balance sheet. Bitcoin again fell below its $19,000 support. The token has fluctuated around that level in recent days as investors mull whether it can reach $20,000 for the first time.<a href="https://markets.businessinsider.com/commodities/gold-price">Spot gold</a> gained as much as 0.5%, to $1,872.71 per ounce, at intraday highs. The US dollar wavered against a basket of peer currencies and Treasury yields slid. Oil futures fell on concerns of the virus and related lockdowns curbing demand. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">West Texas Intermediate crude</a> dropped as much as 1.4%, to $45.14 per barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestarkets&amp;utm_medium=ingest" target="_blank" rel="noopener">Brent crude</a>, oil's international benchmark, sank 1.4%, to $48.09 per barrel, at intraday lows.Now read more <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> coverage from Markets Insider and Business Insider:<a href="https://www.businessinsider.com/stock-pick-10-transport-stocks-you-should-own-deutsche-bank-2020-12">Deutsche Bank says you need to own these 10 transport stocks set to take off in the European recovery - including one that could gain 109%</a><a href="https://www.businessinsider.com/fiscal-stimulus-unemployment-aid-ppp-economic-growth-outlook-recession-jpm-2020-12">The most effective stimulus bill will boost unemployment benefits and PPP in order to drive economic growth, JPMorgan says</a><a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-coronavirus-recovery-investing-playbook-rebound-strategy-blackrock-2020-12-1029869597">Stocks will rally even further in 2021 as the coronavirus landscape rewrites the playbook for how quickly the market recovers from downturns, BlackRock says</a>

US stocks slide as investors balk at stimulus delay and surging COVID-19 cases

<ul><li>US stocks tumbled on Thursday as soaring COVID-19 cases and new economic restrictions offset remaining optimism from <a href="https://markets.businessinsider.com/stocks/pfe-stock">Pfizer's</a> vaccine announcement.</li><li>At least 142,755 new coronavirus cases were reported in the US on Wednesday, according to <a href="https://www.nytimes.com/interactive/2020/us/coronavirus-us-cases.html">The New York Times</a>, marking the second straight day of record increases. </li><li>Some cities have implemented new restrictions to curb the virus's spread, renewing fears of a second widespread lockdown.</li><li>In economic data, new US jobless claims <a href="https://www.businessinsider.com/us-weekly-jobless-claims-709000-unemployment-insurance-filings-economic-recovery-2020-11">fell to 709,000</a> for the week that ended Saturday. Economists surveyed by Bloomberg expected the Labor Department to report 731,000 new claims.</li><li>Oil prices slid. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">West Texas Intermediate crude</a> declined as much as 1.4%, to $40.87 per barrel.</li><li><a href="https://markets.businessinsider.com/indices">Watch major indexes update live here</a>.</li></ul>US equities slipped on Thursday as the week's vaccine rally faded and new lockdowns slam risk appetites.At least 142,755 new COVID-19 cases were reported in the US on Wednesday, according to <a href="https://www.nytimes.com/interactive/2020/us/coronavirus-us-cases.html">The New York Times</a>, marking the second straight day of record increases. US cases spiked above 10 million for the first time earlier in the week, and cities including New York and San Francisco have already implemented new restrictions to slow the virus's spread.While hopes for <a href="https://markets.businessinsider.com/stocks/pfe-stock">Pfizer's</a> experimental vaccine lifted investor sentiments earlier in the week and drove a move into value stocks, continually soaring case counts have shifted focus back to the virus and potential nationwide lockdowns. Energy and materials stocks tumbled the most, while consumer staples and communications names outperformed.Here's where US indexes stood at the 4 p.m. ET market close on Thursday:<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingestm=ingest" target="_blank" rel="noopener">S&amp;P 500</a>: 3,537.01, down 1%</li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Dow Jones industrial average</a>: 29,080.17, down 1.1% (317 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Nasdaq composite</a>: 11,709.59, down 0.7%</li></ul>Read more: <a href="https://www.businessinsider.com/investing-strategy-stock-market-2021-outlook-covid-vaccine-goldman-2020-11">Goldman Sachs says investors should make these 3 trades now ahead of an anticipated 20% stock-market rally over the next year</a>Hopes for near-term stimulus were largely dashed after <a href="https://www.bloomberg.com/news/articles/2020-11-12/white-house-leaves-stimulus-to-congress-after-months-of-impasse">Bloomberg</a> reported the White House is giving up on stimulus talks and deferring to Senate Majority Leader Mitch McConnell for negotiations. While McConnell previously said he is open to passing a stimulus bill before the new year, Democrats and Republicans remain more than $1 trillion apart in their respective proposals' price tags and show no signs of budging.Thursday's slide comes after tech stocks <a href="https://markets.businessinsider.com/news/stocks/stock-market-news-today-tech-rebounds-post-election-rally-continues-2020-11-1029793567">led most of the market higher on Wednesday</a>. The Dow closed just 0.07% lower, and the <keyword id="123873" type="PERSON" weightage="60" keywordseo="SP-500">S&amp;P 500</keyword> ended the session just below record highs."Tech stocks might as well be picking petals off a flower, saying 'investors love me, they love me not,'" JJ Kinahan, chief market strategist at TD Ameritrade, said in a statement. "Investors should consider guarding against overvaluation, which can be hard to do for those who have FOMO on further gains."Read more: <a href="https://www.businessinsider.com/options-trader-turned-ceo-shares-strategies-to-take-advantage-of-2020-11">The CEO of a $3.5 billion investing firm recounts how he went from working in GM's treasurer's office to hedging for high-net-worth investors on Wall Street — and shares 2 options strategies that investors can take advantage of now</a>In economic data, new US jobless claims beat estimates and pointed to a steady pace of labor-market improvement. New filings for unemployment benefits <a href="https://www.businessinsider.com/us-weekly-jobless-claims-709000-unemployment-insurance-filings-economic-recovery-2020-11">fell to 709,000 for the week that ended on Saturday</a>, according to the Labor Department. The reading marks a significant decline from the prior week's total and handily beats the consensus economist estimate of 731,000. Initial claims have declined for four weeks straight but remain at relatively elevated levels.Continuing claims, which track the aggregate total of Americans receiving unemployment benefits, fell to roughly 6.8 million for the week that ended October 31. The reading came in slightly below economist forecasts."Continuing claims for regular benefits extended their decline, but that positive trend continues to be partly offset by the rise in the number of unemployed individuals who have exhausted those benefits, evidence of more long-lasting labor market scarring," Nancy Vanden Houten, lead US economist at Oxford Economics, said.Read more: <a href="https://www.businessinsider.com/buy-and-hold-real-estate-investing-rachel-richards-income-advice-2020-11" target="_blank" rel="noopener">38 units, retired at 27, and over $10,000 in monthly passive income: How Rachel Richards leveraged a simple real-estate investment strategy into an income-generating empire</a><a href="https://markets.businessinsider.com/news/stocks/moderna-stock-price-jumps-fauci-optimistic-covid-19-vaccine-data-2020-11-1029795592">Moderna gained</a> after announcing it has enough data to begin the first interim analysis of its coronavirus vaccine's effectiveness. Separately, Anthony Fauci, the US's leading infectious-disease expert, said he was optimistic about Moderna's upcoming trial data.<a href="https://markets.businessinsider.com/news/stocks/fox-stock-price-president-trump-retweets-support-for-rival-networks-2020-11-1029798530">Fox Corp. sank</a> after President Donald Trump <a href="https://www.businessinsider.com/trump-fox-news-tweets-retweet-spree-new-network-2020-11?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">retweeted support</a> for rival outlets Newsmax and OANN. <a href="https://www.axios.com/trump-fox-news-digital-media-competitor-25afddee-144d-4820-8ed4-9eb0ffa42420.html">Axios</a> reported Thursday that Trump may create a media empire of his own to compete with Fox.<a href="https://markets.businessinsider.com/currencies/news/bitcoin-price-16000-cryptocurrency-market-rally-btc-highest-years-paypal-2020-11-1029796564">Bitcoin surged above $16,000</a> for the first time since January 2018 as the cryptocurrency's rally resumed. The token has broken above several key resistance levels in recent weeks but remains a ways away from retaking its all-time high of nearly $20,000.Spot gold gained as much as 1%, to $1,883.93 per ounce, at intraday highs. The US dollar traded mixed against a basket of peer currencies and Treasury yields dipped.Oil prices slid. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">West Texas Intermediate crude</a> fell as much as 1.4%, to $40.87 per barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestarkets&amp;utm_medium=ingest" target="_blank" rel="noopener">Brent crude</a>, oil's international benchmark, dipped 1.1%, to $43.30 per barrel, at intraday lows.Now read more <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> coverage from Markets Insider and Business Insider:<a href="https://www.businessinsider.com/stock-market-investing-cheap-value-ideas-morningstar-dave-sekera-2020-11">Morningstar's chief US market strategist breaks down why the rotation into value stocks is bound to continue — and pinpoints 4 of the cheapest areas of the market with the most upside</a><a href="https://markets.businessinsider.com/news/stocks/former-kodak-executives-sold-stock-options-never-owned-internal-error-2020-11-1029793461">Kodak admits an internal error allowed former executives to make more than $5 million selling stock options they never owned</a><a href="https://www.businessinsider.com/investing-strategy-active-etfs-outperformance-low-cost-fidelity-international-2020-11"></a><a href="https://markets.businessinsider.com/news/stocks/opec-cuts-crude-oil-market-demand-forecasts-rising-coronavirus-cases-2020-11-1029792714">OPEC slashes 2020 and 2021 forecasts as surging coronavirus cases jeopardize oil-market demand</a>

Dow sinks 317 points as fresh lockdowns and stimulus gridlock slow post-election rally

<ul><li>US stocks stalled on Thursday as investors weighed vaccine hopes and market momentum against continually soaring COVID-19 cases and new economic restrictions.</li><li>At least 142,755 new coronavirus cases were reported in the US on Wednesday, according to <a href="https://www.nytimes.com/interactive/2020/us/coronavirus-us-cases.html">The New York Times</a>, marking the second straight day of record increases. Some cities have implemented new restrictions to curb the virus's spread, renewing fears of a second widespread lockdown.</li><li>In economic data, new US jobless claims <a href="https://www.businessinsider.com/us-weekly-jobless-claims-709000-unemployment-insurance-filings-economic-recovery-2020-11">fell to 709,000</a> for the week that ended Saturday. Economists surveyed by Bloomberg expected the Labor Department to report 731,000 new claims.</li><li>Oil prices erased early losses and swung into positive territory. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">West Texas Intermediate crude</a> climbed as much as 1.2%, to $41.94 per barrel.</li><li><a href="https://markets.businessinsider.com/indices">Watch major indexes update live here</a>.</li></ul>US equities traded mixed on Thursday as the week's vaccine rally faded and record virus cases fueled new concerns.At least 142,755 new COVID-19 cases were reported in the US on Wednesday, according to <a href="https://www.nytimes.com/interactive/2020/us/coronavirus-us-cases.html">The New York Times</a>, marking the second straight day of record increases. US cases spiked above 10 million for the first time earlier in the week, and some cities including New York and San Francisco have already implemented new restrictions to slow the virus's spread.While hopes for Pfizer's experimental vaccine boosted investor sentiments earlier in the week, continually soaring case counts have shifted focus back to the virus and potential lockdowns.Here's where US indexes stood shortly after the 9:30 ET market open on Wednesday:<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingestm=ingest" target="_blank" rel="noopener">S&amp;P 500</a>: 3,562.23, down 0.3%</li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Dow Jones industrial average</a>: 29,248.26, down 0.5% (149 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Nasdaq composite</a>: 11,833.85, up 0.4%</li></ul>Read more: <a href="https://www.businessinsider.com/investing-strategy-stock-market-2021-outlook-covid-vaccine-goldman-2020-11">Goldman Sachs says investors should make these 3 trades now ahead of an anticipated 20% stock-market rally over the next year</a>Rising tech stocks eked out minor gains for the <keyword id="156451" type="ORGANIZATION" weightage="60" keywordseo="Nasdaq-Composite">Nasdaq composite</keyword>. The index trailed its peers earlier in the week as investors dumped mega-caps for cyclical stocks, but it's since swung higher and largely moved in-line with the broader market.Thursday's mild open comes after tech stocks <a href="https://markets.businessinsider.com/news/stocks/stock-market-news-today-tech-rebounds-post-election-rally-continues-2020-11-1029793567">led most of the market higher on Wednesday</a>. The Dow closed just 0.07% lower, and the <keyword id="123873" type="PERSON" weightage="60" keywordseo="SP-500">S&amp;P 500</keyword> ended the session just below record highs.Indexes pared some early losses after new US jobless claims beat estimates and pointed to a steady pace of labor-market improvement. New filings for unemployment benefits <a href="https://www.businessinsider.com/us-weekly-jobless-claims-709000-unemployment-insurance-filings-economic-recovery-2020-11">fell to 709,000 for the week that ended on Saturday</a>, according to the Labor Department. The reading marks a significant decline from the prior week's total and handily beats the consensus economist estimate of 731,000. Initial claims have declined for four weeks straight but still remain at relatively elevated levels.Continuing claims, which track the aggregate total of Americans receiving unemployment benefits, fell to roughly 6.8 million for the week that ended October 31. The reading came in slightly below economist forecasts.Read more: <a href="https://www.businessinsider.com/options-trader-turned-ceo-shares-strategies-to-take-advantage-of-2020-11">The CEO of a $3.5 billion investing firm recounts how he went from working in GM's treasurer's office to hedging for high-net-worth investors on Wall Street — and shares 2 options strategies that investors can take advantage of now</a>"Continuing claims for regular benefits extended their decline, but that positive trend continues to be partly offset by the rise in the number of unemployed individuals who have exhausted those benefits, evidence of more long-lasting labor market scarring," Nancy Vanden Houten, lead US economist at Oxford Economics, said.<a href="https://markets.businessinsider.com/news/stocks/moderna-stock-price-jumps-fauci-optimistic-covid-19-vaccine-data-2020-11-1029795592">Moderna gained</a> after announcing it has enough data to begin the first interim analysis of its coronavirus vaccine's effectiveness. Separately, Anthony Fauci, the US's leading infectious-disease expert, said he was optimistic about Moderna's upcoming trial data.<a href="https://markets.businessinsider.com/currencies/news/bitcoin-price-16000-cryptocurrency-market-rally-btc-highest-years-paypal-2020-11-1029796564">Bitcoin surged above $16,000</a> for the first time since January 2018 as the cryptocurrency's rally resumed. The token has broken above several key resistance levels in recent weeks but remains a ways away from retaking its all-time high of nearly $20,000.Spot gold gained as much as 0.8%, to $1,879.85, at intraday highs. The US dollar edged higher against a basket of peer currencies and Treasury yields dipped.Oil prices erased early losses and traded slightly higher. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">West Texas Intermediate crude</a> gained 1.2%, to $41.94 per barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestarkets&amp;utm_medium=ingest" target="_blank" rel="noopener">Brent crude</a>, oil's international benchmark, climbed 1.1%, to $44.26 per barrel, at intraday highs.Now read more <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> coverage from Markets Insider and Business Insider:<a href="https://www.businessinsider.com/investing-strategy-active-etfs-outperformance-low-cost-fidelity-international-2020-11">ETF investing is exploding globally. But to get more than market returns, a Fidelity International ETF expert says investors might need to leverage this secret ingredient</a><a href="https://markets.businessinsider.com/news/stocks/former-kodak-executives-sold-stock-options-never-owned-internal-error-2020-11-1029793461">Kodak admits an internal error allowed former executives to make more than $5 million selling stock options they never owned</a><a href="https://www.businessinsider.com/investing-strategy-active-etfs-outperformance-low-cost-fidelity-international-2020-11"></a><a href="https://markets.businessinsider.com/news/stocks/opec-cuts-crude-oil-market-demand-forecasts-rising-coronavirus-cases-2020-11-1029792714">OPEC slashes 2020 and 2021 forecasts as surging coronavirus cases jeopardize oil-market demand</a>

US stocks waver as virus resurgence catches up with vaccine optimism

<ul><li>US stocks wavered on Tuesday as momentum from <a href="https://markets.businessinsider.com/news/stocks/stock-market-news-today-intraday-records-sp500-dow-pfizer-vaccine-2020-11-1029783434">Monday's rally</a> extended the shift from expensive growth stocks to small-cap and cyclical picks.</li><li>The tech-heavy <a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Nasdaq composite</a> sank, while the <a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Dow Jones industrial average</a> and the small-cap-focused <a href="https://markets.businessinsider.com/index/russell_2000">Russell 2000</a> gained.</li><li>While <a href="https://markets.businessinsider.com/stocks/pfe-stock">Pfizer</a> and <a href="https://markets.businessinsider.com/stocks/bntx-stock">BioNTech's</a> Monday <a href="https://www.businessinsider.com/pfizer-coronavirus-vaccine-success-plans-for-emergency-approval-fda-2020-9?utm_source=markets&amp;utm_medium=ingestgest">vaccine update</a> bolstered investors' risk appetites, soaring COVID-19 case counts offset some optimism.</li><li>Oil prices continued to climb as vaccine hopes improved demand outlooks. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti" target="_blank" rel="noopener">West Texas Intermediate crude</a> gained as much as 2.9%, to $41.46 per barrel.</li><li><a href="https://markets.businessinsider.com/indices">Watch major indexes update live here</a>.</li></ul>US equities fluctuated on Tuesday investors continued to pivot away from growth stocks and bolstered bets on near-term economic recovery.<a href="https://www.businessinsider.com/pfizer-coronavirus-vaccine-success-plans-for-emergency-approval-fda-2020-9?utm_source=markets&amp;utm_medium=ingestgest">Pfizer and BioNTech's encouraging vaccine update</a>, which fueled a massive stock surge on Monday, continued to drive a shift out of expensive tech stocks and into plays more likely to outperform in an economic reopening.The tech-heavy Nasdaq composite slumped, while Dow Jones industrial average and the small-cap-focused Russell 2000 gained. Popular stay-at-home plays including <a href="https://markets.businessinsider.com/stocks/nflx-stock">Netflix</a>, <a href="https://markets.businessinsider.com/stocks/zm-stock">Zoom</a>, and <a href="https://markets.businessinsider.com/stocks/amzn-stock">Amazon</a> continued to fall as investors bet on near-term vaccine distribution.Here's where US indexes stood at the 4 p.m. ET close on Tuesday:<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingestm=ingest" target="_blank" rel="noopener">S&amp;P 500</a>: 3,545.45, down 0.14%</li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Dow Jones industrial average</a>: 29,320.59, up 0.9% (262 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">Nasdaq composite</a>: 11,553.86, down 1.37%</li></ul>Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-21-overlooked-covid-vaccine-beneficiaries-jefferies-2020-11?r=gr-sub">Buy these 21 overlooked stocks set for huge gains as the world's vaccine hopes just became a reality, Jefferies says</a>"With a viable vaccine apparently on the horizon, it may be time to take a second look at your portfolio," said Lindsey Bell, the chief investment strategist for Ally Invest. "Stocks that could benefit from a return to normal life — or the 'reopening trade' — could be worth watching over the coming weeks."The Dow and the <keyword id="123873" type="PERSON" weightage="60" keywordseo="SP-500">S&amp;P 500</keyword> <a href="https://markets.businessinsider.com/news/stocks/stock-market-news-today-intraday-records-sp500-dow-pfizer-vaccine-2020-11-1029783434">leaped to record intraday highs</a> on Monday. Pfizer's update lifted investors' risk appetites and kicked off the week's rotation to cyclical names. Reopening trades such as airlines, cruises, and hotels <a href="https://markets.businessinsider.com/news/stocks/airline-cruise-stocks-pfizer-coronavirus-vaccine-progress-travel-industry-rebound-2020-11-1029782250">gained</a>. <a href="https://markets.businessinsider.com/news/stocks/gold-price-tumbles-pfizer-vaccine-risk-appetites-safe-haven-recovery-2020-11-1029783168">Gold tumbled the most in three months</a> as investors ditched safe-haven assets.<a href="https://markets.businessinsider.com/stocks/pfe-stock">Pfizer</a> and <a href="https://markets.businessinsider.com/stocks/bntx-stock">BioNTech</a> announced Monday that their experimental coronavirus vaccine was found to be more than 90% effective at preventing COVID-19 in a late-stage trial. The companies now plan to apply for emergency use authorization with the US Food and Drug Administration to expedite the rollout of their vaccine. The announcement suggests a breakthrough in the race to find a viable vaccine and spurred hope on Wall Street that the pandemic might be contained sooner than previously expected.Whether it could arrive soon enough to avoid additional economic damage is a different story. The US reached 10 million COVID-19 cases on Monday as infection rates spiked across the country. The Federal Reserve said in a Monday report that an inability to contain the outbreak <a href="https://markets.businessinsider.com/news/stocks/stock-market-asset-prices-pandemic-containment-recovery-federal-reserve-report-2020-11-1029786876">could tank asset prices across risk markets</a>.Read more: <a href="https://www.businessinsider.com/goldman-sachs-buy-stocks-to-benefit-from-these-four-trends-2020-11?r=gr-sub">Goldman Sachs combed through hundreds of earnings transcripts to arrive at the 4 themes S&amp;P 500 companies embraced this quarter — and shared the dozens of stocks set to benefit from these thematic trends</a>Beyond facing pressure from the broad market rotation, Amazon sank after the European Union unveiled formal antitrust charges against the e-commerce titan. The EU's top antitrust official alleged Amazon illegally abused its dominant position in Germany and France.<a href="https://markets.businessinsider.com/news/stocks/beyond-meat-stock-price-third-quarter-losses-mcdonalds-earnings-revenue-2020-11-1029787497">Beyond Meat cratered</a> after the firm reported an unexpected third-quarter loss and missed revenue estimates. Shares hit their lowest since May as Wall Street scrutinized the worse-than-expected results.<a href="https://markets.businessinsider.com/news/stocks/alibaba-stock-price-regulatory-pressure-overshadows-singles-day-blowout-2020-11-1029788690">Alibaba tumbled</a> as regulatory concerns overshadowed massive sales for the company's Singles Day event. <a href="https://www.wsj.com/articles/chinas-regulators-prepare-to-roll-out-new-antimonopoly-rules-11605013205">The Wall Street Journal</a> reported Tuesday that Chinese regulators released a new draft of antimonopoly rules that could drag on online platforms like Alibaba.<a href="https://markets.businessinsider.com/news/stocks/peloton-stock-price-multi-year-deal-beyonce-hbcu-homecoming-pton-2020-11-1029788742">Peloton erased early gains and traded higher</a> after the company inked a multi-year deal with Beyonce. The artist will produce several exclusive workout programs themed around homecoming, the annual fall celebration for students at historically Black colleges and universities.Read more: <a href="https://www.businessinsider.com/top-asset-managers-break-down-biggest-challenges-joe-biden-2020-11">Five top strategists at some of the largest asset managers break down the biggest challenges for Joe Biden's presidency and how to trade them</a><a href="https://markets.businessinsider.com/commodities/gold-price">Spot gold</a> climbed as much as 1.5%, to an intraday high of $1,890.53 per ounce. The US dollar fell slightly, and Treasury yields ticked higher.<a href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> traded just below $15,300 after failing to break above $16,000 in its prolonged rally. The cryptocurrency's recent momentum has mostly stalled since it traded above $15,000.Oil prices continued to climb, retaking their $40-per-barrel support level. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti" target="_blank" rel="noopener">West Texas Intermediate crude</a> gained as much as 2.9%, to $41.46 per barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestarkets&amp;utm_medium=ingest" target="_blank" rel="noopener">Brent crude</a>, oil's international benchmark, jumped 3%, to $43.66 per barrel, at intraday highs.Now read more <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> coverage from Markets Insider and Business Insider:<a href="https://www.businessinsider.com/investing-tips-after-covid-vaccine-from-top-fund-managers-analysts-2020-11">8 world-class investors share how they've positioned to profit from the long-awaited COVID-19 vaccine breakthrough — and the bets they've been making all year on a post-pandemic world</a><a href="https://www.businessinsider.com/economic-outlook-covid-resurgence-quarterly-growth-recovery-dallas-fed-kaplan-2020-11">Spiking coronavirus cases could curb economic growth well into 2021, Dallas Fed President says</a><a href="https://www.businessinsider.com/job-openings-miss-estimates-unemployment-hiring-slows-jolts-labor-market-2020-11">US job openings climb slightly in September but miss expectations as labor-market recovery slows</a><a href="https://www.businessinsider.com/economic-outlook-gdp-recovery-biden-stimulus-coronavirus-vaccine-goldman-sachs-2020-11"></a>

US stocks stutter as massive rotation drags on tech and boosts reopening trade

<ul><li>US <keyword id="6354298" type="DEFINITION" weightage="60" keywordseo="Stocks">stocks</keyword> retreated from record highs on Wednesday as a deadlock in stimulus negotiations continued.</li><li>The reversal came after the Dow Jones industrial average, S&amp;P 500, and Nasdaq composite all notched new intraday records in morning trades.</li><li>Senate Majority Leader Mitch McConnell slammed Democrats on Wednesday for not lining up behind a $916 billion stimulus plan that does not include additional federal unemployment benefits.</li><li><a href="https://markets.businessinsider.com/indices">Watch major indexes update live here</a>.</li></ul>US stocks hit record highs in early trading on Wednesday, but subsequently reversed lower as fiscal stimulus negotiations appeared to be deadlocked as of Wednesday afternoon.Senate Majority Leader <a href="https://www.businessinsider.com/mcconnell-trashed-democrats-delaying-unemployment-aid-gop-federal-unemployment-benefits-2020-12">Mitch McConnell blasted Democrats</a> for not lining up behind a more than $900 billion proposal that does not include additional federal unemployment benefits. The <a href="https://www.businessinsider.com/white-house-proposes-new-coronavirus-package-with-600-stimulus-checks-2020-12">stimulus package</a> would include direct checks worth $600, aid to state and local governments, and liability protections for businesses and schools. Here's where US indexes stood after the 4 p.m. ET close on Wednesday:<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500_500" target="_blank" rel="noopener">S&amp;P 500</a>: 3,672.82, down 0.8%</li><li><a href="https://markets.businessinsider.com/index/dow_jones" target="_blank" rel="noopener">Dow Jones industrial average</a>: 30,068.81, down 0.4% (105 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite" target="_blank" rel="noopener">Nasdaq composite</a>: 12,338.95, down 1.9%</li></ul>Read more: <a href="https://www.businessinsider.com/top-wall-street-investors-of-2020-stock-picks-2021-outlook-2020-12" target="_blank" rel="noopener">We spoke with Wall Street's 9 best-performing fund managers of 2020 to learn how they crushed the chaotic market - and compile the biggest bets they're making for 2021</a>House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer called the sizable slash in unemployment benefits "unacceptable," but did note progress given that Senate Majority Leader Mitch McConnell signed off on the proposal.<a href="https://markets.businessinsider.com/news/stocks/doordash-stock-price-ipo-public-trading-debut-nyse-dash-offering-2020-12-1029878632">DoorDash made its public debut on Wednesday</a>, completing its IPO offering and surging as much as 78% in initial trades of the delivery platform company.<a href="https://markets.businessinsider.com/stocks/glsi-stock">Greenwich LifeSciences,</a> a small cap clinical stage biotech company, <a href="https://markets.businessinsider.com/news/stocks/greenwich-lifesciences-stock-price-rally-single-day-breast-cancer-data-2020-12-1029878976">rocketed as much as 2,941% in Wednesday trades</a> after the company announced encouraging data for its breast cancer treatment, GP2. Read more: <a href="https://www.businessinsider.com/tesla-stock-outlook-ron-baron-interview-bullish-spacex-elon-musk-2020-12" target="_blank" rel="noopener">Ron Baron earned a $4.2 billion windfall just from investing in Tesla. The legendary investor told us why he still expects a 30-fold return from Elon Musk - and shared the biggest lessons and mistakes of his career.</a><a href="https://markets.businessinsider.com/news/stocks/fireeye-stock-price-cybersecurity-firm-cyber-attack-hack-tools-theft-2020-12-1029877278">FireEye stock tumbled on Wednesday</a> after it revealed a highly sophisticated security breach by what it believes to be was a state-sponsored actor. <a href="https://markets.businessinsider.com/news/stocks/zoom-stock-price-downgraded-jpmorgan-covid19-vaccine-could-dent-upside-2020-12-1029877473">Zoom Video was downgraded by JPMorgan</a> to Neutral on Wednesday, citing a high valuation that prices in all potential upside, and the mass vaccination against the COVID-19 virus which could put a dent in its business.Oil prices edged higher. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti">West Texas Intermediate crude</a> rose as much as 1.4%, to $46.24 per barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestts&amp;utm_medium=ingest">Brent crude</a>, oil's international benchmark, jumped 1.5%, to $49.55 per barrel, at intraday highs.<a href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> fell as much as 2.4%, to $1,825.81 per ounce.Read more: <a href="https://www.businessinsider.com/investing-strategy-hedge-fund-managers-trades-bets-2020-emmet-peppers-2020-12" target="_blank" rel="noopener">Emmet Peppers grew his accounts from $30,000 in 2010 to over $70 million this year. The newly minted hedge fund manager breaks down how he spotted early opportunities in Tesla, Facebook, and the COVID-19 market crash - and shared one IPO on his radar.</a>

US stocks retreat from record highs as stimulus deadlock continues

<ul><li>US <keyword id="6354298" type="DEFINITION" weightage="60" keywordseo="Stocks">stocks</keyword> continued their post-election rally on Wednesday as the rotation into value stocks continued.</li><li>A positive COVID-19 vaccine update from Pfizer on Monday led to a surge in the reopening trade which benefited cyclical stocks at the expense of growth stocks.</li><li>Despite the positive news on the successful development of a COVID-19 vaccine, daily cases continue to surge to record highs as hospitalizations and deaths also tick higher.</li><li><a href="https://markets.businessinsider.com/indices">Watch major indexes update live here</a>.</li></ul>US stocks continued to move higher on Wednesday, led by the Nasdaq, as the post-election rally in stocks grinded on, helped in part by continued enthusiasm surrounding a successful COVID-19 vaccine developed by Pfizer and BioNtech.The optimistic COVID-19 vaccine news led to a violent rotation into value stocks at the expense of growth stocks. Despite that good news, however, new daily virus cases continue to hit records in the US, with hospitalizations at an all-time high and deaths continuing to tick higher.Here's where US indexes stood at 10:07 a.m. ET on Monday:<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500_500" target="_blank" rel="noopener">S&amp;P 500</a>: 3,560, up 0.42%</li><li><a href="https://markets.businessinsider.com/index/dow_jones" target="_blank" rel="noopener">Dow Jones industrial average</a>: 29,393, down 0.09% (27 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite" target="_blank" rel="noopener">Nasdaq composite</a>: 11,707, up 1.33%</li></ul>Read more: <a href="https://www.businessinsider.com/pharma-executives-selling-company-stock-amid-covid-19-pandemic-2020-10?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest" target="_blank" rel="noopener">Biotech execs hunting for COVID-19 vaccines and treatments have raked in more than $1 billion by selling company stock this year. Here are the 27 leaders who've cashed in the most.</a>The CEO of Pfizer <a href="https://markets.businessinsider.com/news/stocks/pfizer-ceo-sold-stock-day-covid-19-vaccine-results-unveiled-2020-11-1029790705">sold $5.6 million worth of stock on Monday,</a> the same day the company announced the positive results of its COVID-19 vaccine. The stock sale was part of a 10b5-1 plan set up earlier in the year.Bill Ackman is one investor who is concerned about the complacency surrounding a rise in COVID-19 cases, as he <a href="https://markets.businessinsider.com/news/stocks/billionaire-investor-bill-ackman-pershing-square-hedges-pandemic-3-billion-2020-11-1029791140">is once again protecting against potential downside</a> in the <keyword id="6357440" type="DEFINITION" weightage="60" keywordseo="Stock-Market">stock market</keyword> by opening up hedging positions against corporate credit, according to an interview at a conference held by the Financial Times. Ackman described the recent vaccine news as "bearish" because it could spur people to take the virus less seriously, and predicted a difficult few months before the economic recovery takes off.But Goldman Sachs <a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-sp500-rally-coronavirus-vaccine-biden-presidency-goldman-2020-11-1029792261">thinks there's still upside left in stocks,</a> according to a note published on Wednesday. The firm sees the S&amp;P 500 jumping another 11% by mid-2021 as corporate profits stage a rebound, according to the note.Oil prices moved higher. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti">West Texas Intermediate crude</a> climbed as much as 3%, to $42.61 per barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestts&amp;utm_medium=ingest">Brent crude</a>, oil's international benchmark, jumped 2.8%, to $44.84 per barrel, at intraday highs.<a href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> slid on Wednesday, falling as much as 0.88%, to $1,859 per ounce.Read more: <a href="https://www.businessinsider.com/coronavirus-vaccine-timeline-what-to-watch-leading-research-2020-3?r=gr-sub" target="_blank" rel="noopener">We just got our first evidence that a coronavirus vaccine works. Here's everything we know about the race for a vaccine and when you might be able to get a shot.</a>

US stocks continue their post-election rally as the rotation into value persists

<ul><li>US <keyword id="6354298" type="DEFINITION" weightage="60" keywordseo="Stocks">stocks</keyword> climbed on Friday as investors look to close out a volatile week on a positive note.</li><li>Sentiment was lifted after a series of strong earnings report from major corporations.</li><li>Investor also continue to pin hopes on another round of fiscal stimulus after central banks warned of continued economic weakness due to surging COVID-19 cases.</li><li><a href="https://markets.businessinsider.com/indices">Watch major indexes update live here</a>.</li></ul>US stocks climbed on Friday as investors looked to close out the strong news-driven week on a positive note. Sentiment was lifted by strong sales forecasts from tech giants Cisco and Applied Materials, while shares of Disney climbed on impressive results from their streaming-video division.Investors also continue to pin hopes on another round of fiscal stimulus after Federal Reserve Chair <a href="https://www.businessinsider.com/new-technology-endangers-service-workers-coronavirus-recovery-fed-chair-powell-2020-11">Jerome Powell said on Thursday</a> that a continued surge in daily COVID-19 cases could derail the economy.Powell and other global central bankers, including Christine Lagarde and Andrew Bailey, advocated for another round of fiscal stimulus, <a href="https://www.businessinsider.com/stimulus-hit-rock-bottom-congress-deadlocked-on-coronavirus-relief-2020-11">though little progress has been made</a> during the current lame duck session of Congress.Here's where US indexes stood at 1:25 p.m. ET on Friday:<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500_500" target="_blank" rel="noopener">S&amp;P 500</a>: 3,575.72, up 1.1%</li><li><a href="https://markets.businessinsider.com/index/dow_jones" target="_blank" rel="noopener">Dow Jones industrial average</a>: 29,428.21, up 1.2% (348 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite" target="_blank" rel="noopener">Nasdaq composite</a>: 11,793.02, up 0.7%</li></ul>Read more: <a href="https://www.businessinsider.com/investing-tips-for-success-william-danoff-shares-market-beating-guide-2020-11" target="_blank" rel="noopener">Peter Lynch disciple William Danoff manages over $124 billion and has beaten the market for 30 years. He shares the 10 investment rules that ensured his success.</a>Stocks have gained on the week, driven by <a href="https://markets.businessinsider.com/news/stocks/pfizer-stock-price-biontech-successful-covid-19-vaccine-emergency-approval-2020-11-1029780711">Monday's announcement from Pfizer and BioNtech</a> that their COVID-19 vaccine demonstrated an efficacy rate of more than 90%.Outside the US, investor wariness towards China-based companies is on the rise <a href="https://markets.businessinsider.com/news/stocks/ant-group-ipo-personally-halted-china-xi-jinping-jack-wsj-2020-11-1029800224">following a report</a> that the highly anticipated Ant Group IPO that was set debut last week was personally pulled by Xi Jinping after Jack Ma made critical comments of government leaders.On top of that, President Trump <a href="https://markets.businessinsider.com/news/stocks/chinese-stocks-trump-signs-order-blocking-investment-in-military-firms-2020-11-1029798694">signed an executive order</a> late Thursday afternoon that prohibited US investment firms and pension funds from investing in a number of Chinese companies that have ties with its military.Read more: <a href="https://www.businessinsider.com/stock-picks-cathie-wood-ark-invest-shares-2-innovation-winners-2020-11" target="_blank" rel="noopener">ARK CEO Cathie Wood is beating 98% of her peers this year. She and her team share the investment cases for 2 'winner-take-most' stocks in their portfolios, and explain why she is unfazed by the rotation into value.</a>In corporate news, <a href="https://markets.businessinsider.com/news/stocks/draftkings-q3-earnings-stock-price-user-growth-lifted-guidance-dkng-2020-11-1029801211">DraftKings surged 11% after it beat third quarter earnings</a> and said it passed more than 1 million monthly users.Oil prices declined. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti">West Texas Intermediate crude</a> fell as much as 2.3%, to $40.16 per barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestts&amp;utm_medium=ingest">Brent crude</a>, oil's international benchmark, fell 2%, to $42.67 per barrel, at intraday lows.<a href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> rose on Wednesday, increasing as much as 1.1%, to $1,896.82 per ounce.Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-21-overlooked-covid-vaccine-beneficiaries-jefferies-2020-11" target="_blank" rel="noopener">Buy these 21 overlooked stocks set for huge gains as the world's vaccine hopes just became a reality, Jefferies says</a>

Dow climbs 350 points on strong earnings and stimulus hopes

<ul><li>Technology <keyword id="6354298" type="DEFINITION" weightage="60" keywordseo="Stocks">stocks</keyword> rebounded on Wednesday, helping lead the market higher as a post-election rally in stocks continued. </li><li>Wednesday's move came after two days of strong value and cyclical stock outperformance following the news of successful COVID-19 vaccine results from Pfizer and BioNtech.</li><li>But the COVID-19 pandemic isn't over, as the US hits record daily cases and sees a continued uptick in hospitalizations and deaths. </li><li><a href="https://markets.businessinsider.com/indices">Watch major indexes update live here</a>.</li></ul>Technology stocks staged a rebound on Wednesday, recovering from a two-day losing streak on Monday and Tuesday after news of a successful COVID-19 vaccine from Pfizer and BioNtech led to a surge in cyclical stocks.And despite a continued rise in daily COVID-19 cases, hospitalizations, and deaths, the post-election rally in stocks continued. The S&amp;P 500 closed at a near record level on Wednesday, just below its September 2 high of 3,580. Here's where US indexes stood at the 4:00 p.m. ET close on Wednesday:<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500_500" target="_blank" rel="noopener">S&amp;P 500</a>: 3,572, up 0.76%</li><li><a href="https://markets.businessinsider.com/index/dow_jones" target="_blank" rel="noopener">Dow Jones industrial average</a>: 29,399, down 0.07% (21 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite" target="_blank" rel="noopener">Nasdaq composite</a>: 11,786, up 2%</li></ul>Read more: <a href="https://www.businessinsider.com/pharma-executives-selling-company-stock-amid-covid-19-pandemic-2020-10?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest" target="_blank" rel="noopener">Biotech execs hunting for COVID-19 vaccines and treatments have raked in more than $1 billion by selling company stock this year. Here are the 27 leaders who've cashed in the most.</a>Bill Ackman is one investor who is concerned about the complacency surrounding a rise in COVID-19 cases, as he <a href="https://markets.businessinsider.com/news/stocks/billionaire-investor-bill-ackman-pershing-square-hedges-pandemic-3-billion-2020-11-1029791140">is once again protecting against potential downside</a> in the <keyword id="6357440" type="DEFINITION" weightage="60" keywordseo="Stock-Market">stock market</keyword> by opening up hedging positions against corporate credit, according to an interview at a conference held by the Financial Times. Ackman described the recent vaccine news as "bearish" because it could spur people to take the virus less seriously, and predicted a difficult few months before the economic recovery takes off.But Goldman Sachs <a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-sp500-rally-coronavirus-vaccine-biden-presidency-goldman-2020-11-1029792261">thinks there's still upside left in stocks,</a> according to a note published on Wednesday. The firm sees the S&amp;P 500 jumping another 11% by mid-2021 as corporate profits stage a rebound, according to the note.Read more: <a href="https://www.businessinsider.com/16-stock-picks-to-buy-as-pandemic-fears-recede-evercore-2020-11?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">A Wall Street bank breaks down why Pfizer and BioNTech's vaccine efficacy news means a faster return to normal - and shares the 16 stocks set to bounce back rapidly as soon as COVID panic recedes</a>In corporate news, it was revealed that the CEO of Pfizer <a href="https://markets.businessinsider.com/news/stocks/pfizer-ceo-sold-stock-day-covid-19-vaccine-results-unveiled-2020-11-1029790705">sold $5.6 million worth of stock on Monday,</a> the same day the company announced the positive results of its COVID-19 vaccine. The stock sale was part of a 10b5-1 plan set up earlier in the year.<a href="https://markets.businessinsider.com/stocks/fprx-stock">Five Prime Therapeutics</a>, a small-cap biotechnology company, <a href="https://markets.businessinsider.com/news/stocks/five-prime-therapeutics-stock-price-positive-cancer-trial-results-2020-11-1029792082">soared as much as 349% on Wednesday</a> after it announced phase 2 results of a study that showed its drug had a positive impact in fighting stomach cancer. OPEC <a href="https://markets.businessinsider.com/commodities/news/opec-cuts-crude-oil-market-demand-forecasts-rising-coronavirus-cases-2020-11-1029792714">slashed its oil demand forecast for 2020 and 2021</a> as an out of control COVID-19 pandemic has put a sizable dent into air travel and economic activity in general.Oil prices moved higher. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti">West Texas Intermediate crude</a> climbed 0.34%, to $41.50 per barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestts&amp;utm_medium=ingest">Brent crude</a>, oil's international benchmark, jumped 0.53%, to $43.84 per barrel, at intraday highs.<a href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> slid on Wednesday, falling as much as 0.76%, to $1,862 per ounce.Read more: <a href="https://www.businessinsider.com/coronavirus-vaccine-timeline-what-to-watch-leading-research-2020-3?r=gr-sub" target="_blank" rel="noopener">We just got our first evidence that a coronavirus vaccine works. Here's everything we know about the race for a vaccine and when you might be able to get a shot.</a>

Tech stocks lead market higher as post-election rally continues

<ul><li>US <keyword id="6354298" type="DEFINITION" weightage="60" keywordseo="Stocks">stocks</keyword> surged on Wednesday as investors kept their eyes on the outcome of the 2020 presidential election.</li><li>Healthcare stocks led the market higher on the prospect of a Joe Biden presidency and a Republican Senate stymying an overhaul of America's healthcare system.</li><li>Tech shares also saw outsize gains, with the Nasdaq 100 posting its best single-day increase since April.</li><li>Uber and Lyft climbed on the projected passage of Proposition 22 in California.</li><li><a href="https://markets.businessinsider.com/indices">Watch major indexes update live here</a>.</li></ul>US stocks soared to multimonth highs on Wednesday in reaction to the ongoing tally of votes in the presidential election.Healthcare stocks led the market higher on the prospect of a Joe Biden presidency and a Republican Senate stymying an overhaul of America's healthcare system. Tech shares also closed sharply higher, with the Nasdaq 100 posting its best single-day increase since April.Here's where US indexes stood at the 4 p.m. ET close on Wednesday:<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestmp;utm_medium=ingest" target="_blank" rel="noopener">S&amp;P 500</a>: 3,443.44, up 2.2%</li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingesttm_medium=ingest" target="_blank" rel="noopener">Dow Jones industrial average</a>: 27,847.66, up 1.3% (368 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingesttm_medium=ingest" target="_blank" rel="noopener">Nasdaq composite</a>: 11,590.78, up 3.9%</li></ul>Read more: <a href="https://www.businessinsider.com/how-to-invest-in-trends-election-wont-change-david-rosenberg-2020-11" target="_blank" rel="noopener">Famed economist David Rosenberg told us 4 crucial trends won't change no matter how the elections go. Here's how to invest in them all.</a>The Wharton professor Jeremy Siegel said a split Congress and a Biden presidency <a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-wharton-siegel-divided-government-election-excellent-congress-2020-11-1029766554">would be "excellent" for the economy and the stock market</a>. Wall Street analysts' election reactions <a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-presidential-congressional-election-outcomes-wall-street-experts-2020-11-1029766392">rolled in on Wednesday</a>.Cannabis stocks <a href="https://markets.businessinsider.com/news/stocks/cannabis-stocks-price-potential-republican-senate-dims-federal-legalization-hopes-2020-11-1029765544">traded lower on Wednesday</a> despite four US states voting to legalize the drug for recreational sales. Investors view a swift federal legalization of the drug as less likely with a divided government.The prospect of a Republican-controlled Senate also <a href="https://markets.businessinsider.com/news/stocks/green-energy-stocks-fall-fossil-fuel-shares-rise-election-drama-2020-11-1029764516">led to a spike in fossil-fuel stocks and a drop in green-energy stocks</a> on Wednesday morning.<a href="https://markets.businessinsider.com/news/stocks/investors-pile-into-us-treasuries-after-early-election-results-show-there-has-been-no-blue-wave-and-the-chances-for-a-big-stimulus-deal-fade-1029764842" target="_blank" rel="noopener">Treasury yields dove</a> as investors fled to the relative safety of government bonds, while the <a href="https://markets.businessinsider.com/news/stocks/the-dollar-is-ripping-higher-after-trump-comments-raised-the-chances-of-a-contested-result-1029764325" target="_blank" rel="noopener">US dollar gained</a> against a basket of other major currencies.The billionaire investor Chamath Palihapitiya said the too-close-to-call election results meant Democrats <a href="https://markets.businessinsider.com/news/stocks/close-election-shows-democrats-need-some-soul-searching-palihapitiya-2020-11-1029764542">needed to do some soul-searching</a> as it becomes clear that America is as divided as ever.Read more: <a href="https://www.businessinsider.com/investing-strategy-implications-of-2020-elections-from-iconiq-capital-presentation-2020-11" target="_blank" rel="noopener">Iconiq Capital, which counts some of the world's most influential families as clients, broke down the investment implications of the US election. Here are the highlights of its 23-page presentation.</a>"I think in many ways the Democratic Party has shot themselves in the foot," because even if Biden wins, it would not be definitive, Palihapitiya said.Election results in California <a href="https://markets.businessinsider.com/news/stocks/uber-lyft-stock-prices-california-votes-for-prop-22-2020-11-1029764137">led to a surge in shares</a> of <a href="https://markets.businessinsider.com/stocks/uber-stock">Uber</a> and <a href="https://markets.businessinsider.com/stocks/lyft-stock">Lyft</a>. Proposition 22 is projected to pass in the state, allowing gig-economy companies to continue classifying workers as independent contractors rather than employees.Shares of Biogen soared 47% after scientists with the Food and Drug Administration <a href="https://markets.businessinsider.com/news/stocks/biogen-stock-price-fda-review-alzheimers-drug-exceptionally-persuasive-2020-11-1029766403">had good things to say about the efficacy</a> of its Alzheimer's drug.Oil prices rose. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti" target="_blank" rel="noopener">West Texas Intermediate crude</a> climbed as much as 4.2%, to $39.25 per barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestts&amp;utm_medium=ingest" target="_blank" rel="noopener">Brent crude</a>, oil's international benchmark, jumped 4.1%, to $41.33 per barrel, at intraday highs.<a href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> traded lower on Wednesday, falling as much as 1.4%, to $1,883.13 per ounce.Read more: <a href="https://www.businessinsider.com/us-election-2020-blue-wave-investing-strategy-ubs-2020-11" target="_blank" rel="noopener">The 'Blue Wave' in the US election didn't happen. Here's how a UBS investment chief believes investors can trade short-term market volatility and protect their portfolios in the long term</a>

Dow surges 368 points and Nasdaq hits highest level since April as investors shrug off the undecided election

<ul><li>US <keyword id="6354298" type="DEFINITION" weightage="60" keywordseo="Stocks">stocks</keyword> surged on Wednesday morning even as the outcome of the US presidential election remained up in the air.</li><li>Technology stocks led the move higher as a Republican-controlled Senate seemed likely, which would dim the likelihood of an antitrust breakup of mega-cap tech companies.</li><li><a href="https://markets.businessinsider.com/indices">Watch major indexes update live here</a>.</li></ul>US stocks climbed on Wednesday even as the outcome of the US presidential election remained up in the air.Overnight <keyword id="6368158" type="UNKNOWN" weightage="60" keywordseo="trading">trading</keyword> in the equity-futures market was volatile as vote counts rolled in and results seesawed between President Donald Trump and Joe Biden.Technology stocks consistently outperformed overnight and on Wednesday morning. Investors likely think that a divided government with a Republican-controlled Senate means an antitrust breakup of mega-cap tech companies is less likely.Here's where US indexes stood at 12:45 p.m. ET on Wednesday:<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestmp;utm_medium=ingest" target="_blank" rel="noopener">S&amp;P 500</a>: 3,481.81, up 3.3%</li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingesttm_medium=ingest" target="_blank" rel="noopener">Dow Jones industrial average</a>: 28,235.34, up 2.8% (755 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingesttm_medium=ingest" target="_blank" rel="noopener">Nasdaq composite</a>: 11,655.02, up 4.4%</li></ul>Read more: <a href="https://www.businessinsider.com/how-to-invest-in-trends-election-wont-change-david-rosenberg-2020-11" target="_blank" rel="noopener">Famed economist David Rosenberg told us 4 crucial trends won't change no matter how the elections go. Here's how to invest in them all.</a>Cannabis stocks <a href="https://markets.businessinsider.com/news/stocks/cannabis-stocks-price-potential-republican-senate-dims-federal-legalization-hopes-2020-11-1029765544">traded lower on Wednesday</a> despite four US states voting to legalize the drug for recreational sales. Investors view a swift federal legalization of the drug as less likely with a divided government.The prospect of a Republican-controlled Senate also <a href="https://markets.businessinsider.com/news/stocks/green-energy-stocks-fall-fossil-fuel-shares-rise-election-drama-2020-11-1029764516">led to a spike in fossil-fuel stocks and a drop in green-energy stocks</a> on Wednesday morning.<a href="https://markets.businessinsider.com/news/stocks/investors-pile-into-us-treasuries-after-early-election-results-show-there-has-been-no-blue-wave-and-the-chances-for-a-big-stimulus-deal-fade-1029764842" target="_blank" rel="noopener">Treasury yields dove</a> as investors fled to the relative safety of government bonds, while the <a href="https://markets.businessinsider.com/news/stocks/the-dollar-is-ripping-higher-after-trump-comments-raised-the-chances-of-a-contested-result-1029764325" target="_blank" rel="noopener">US dollar gained</a> against a basket of other major currencies.The billionaire investor Chamath Palihapitiya said the too-close-to-call election results meant Democrats <a href="https://markets.businessinsider.com/news/stocks/close-election-shows-democrats-need-some-soul-searching-palihapitiya-2020-11-1029764542">needed to do some soul-searching</a> as it becomes clear that America is as divided as ever.Read more: <a href="https://www.businessinsider.com/investing-strategy-implications-of-2020-elections-from-iconiq-capital-presentation-2020-11" target="_blank" rel="noopener">Iconiq Capital, which counts some of the world's most influential families as clients, broke down the investment implications of the US election. Here are the highlights of its 23-page presentation.</a>"I think in many ways the Democratic Party has shot themselves in the foot," because even if Biden wins, it would not be definitive, Palihapitiya said.Election results in California <a href="https://markets.businessinsider.com/news/stocks/uber-lyft-stock-prices-california-votes-for-prop-22-2020-11-1029764137">led to a surge in shares</a> of <a href="https://markets.businessinsider.com/stocks/uber-stock">Uber</a> and <a href="https://markets.businessinsider.com/stocks/lyft-stock">Lyft</a>. Proposition 22 is projected to pass in the state, allowing gig-economy companies to continue classifying workers as independent contractors rather than employees.Oil prices rose. <a href="https://markets.businessinsider.com/commodities/oil-price?type=wti" target="_blank" rel="noopener">West Texas Intermediate crude</a> climbed as much as 3.7%, to $39.07 per barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestts&amp;utm_medium=ingest" target="_blank" rel="noopener">Brent crude</a>, oil's international benchmark, jumped 3.9%, to $41.24 per barrel, at intraday highs.<a href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> traded lower on Wednesday, falling as much as 1.4%, to $1,883.13 per ounce.Read more: <a href="https://www.businessinsider.com/us-election-2020-blue-wave-investing-strategy-ubs-2020-11" target="_blank" rel="noopener">The 'Blue Wave' in the US election didn't happen. Here's how a UBS investment chief believes investors can trade short-term market volatility and protect their portfolios in the long term</a>

Dow skyrockets 750 points amid tech surge as investors digest election uncertainty

<ul><li>US <keyword id="6354298" type="DEFINITION" weightage="60" keywordseo="Stocks">stocks</keyword> surged on Tuesday as investors eagerly awaited the results of Tuesday's presidential election.</li><li>A decisive election winner would remove uncertainty from the market and spur investors to buy stocks, one Wall Street strategist said.</li><li>Stocks moved higher on broad participation from many sectors, with the industrial, information technology, consumer discretionary, and financial sectors leading the market higher.</li><li><a href="https://markets.businessinsider.com/indices">Watch major indexes update live here</a>.</li></ul>US stocks surged on Tuesday, extending Monday's gains, as Americans headed to the polls to vote for the next president of the United States.The resolution of the election should remove a large overhang of uncertainty that investors have faced since the summer, as the outcome could have wide-ranging implications for the <keyword id="6357440" type="DEFINITION" weightage="60" keywordseo="Stock-Market">stock market</keyword>.One <a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-investors-below-average-stock-holdings-after-election-2020-11-1029759414">Wall Street Strategist said</a> no matter what the outcome of Tuesday's election, the market will power higher as investors step off the sidelines and put cash to work.Here's where US indexes stood at the 4 p.m. ET market close on Tuesday:<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestmp;utm_medium=ingest" target="_blank" rel="noopener">S&amp;P 500</a>: 3,369.16, up 1.8%</li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingesttm_medium=ingest" target="_blank" rel="noopener">Dow Jones industrial average</a>: 27,480.03, up 2.1% (555 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingesttm_medium=ingest" target="_blank" rel="noopener">Nasdaq composite</a>: 11,160.57, up 1.9%</li></ul>Read more: <a href="https://www.businessinsider.com/investing-strategy-implications-of-2020-elections-from-iconiq-capital-presentation-2020-11" target="_blank" rel="noopener">Iconiq Capital, which counts some of the world's most influential families as clients, broke down the investment implications of the US election. Here are the highlights of it's 23-page presentation.</a>The implications of Tuesday's election winner are wide-ranging. From political gridlock to fiscal stimulus and infrastructure deals worth trillions of dollars, the outcome could set the stage for further gains, <a href="https://markets.businessinsider.com/news/stocks/how-investors-should-position-portfolios-blue-wave-scenario-blackrock-says-2020-11-1029754583#">according to BlackRock, the world's largest asset manager</a>.Fundstrat's Tom Lee <a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-election-sidelined-investors-start-buying-again-fundstrat-2020-11-1029759946">said in a note to clients on Tuesday</a> that stocks would rally no matter the outcome, because any resolution will remove uncertainty for investors. If Joe Biden, the Democratic nominee, wins, Lee expects a 10% rally, while a surprise win for President Donald Trump could jolt stocks 15% to 17% higher.And even a contested election could result in a 5% to 7% rally, Lee said, as it would raise the odds that Congress will enact a fiscal stimulus deal and that the Fed will intervene with more easing of monetary policies.Read more: <a href="https://www.businessinsider.com/buy-and-hold-real-estate-investing-from-mcdonalds-to-multimillionaire-2020-11" target="_blank" rel="noopener">From flipping burgers at McDonald's to a self-made multimillionaire: Here's how Willie Mandrell leveraged a simple real-estate investing strategy to acquire 40 units and achieve financial freedom</a>Ant Financial Group's highly anticipated initial public offering <a href="https://markets.businessinsider.com/news/stocks/ant-group-ipo-suspended-shanghai-hong-kong-china-regulators-2020-11-1029758861">was put on hold</a> a day after Alibaba's Jack Ma met with Chinese regulators. The Ant IPO was set to be the largest debut of a public company, with a raise of $34.5 billion.Ant's delayed IPO sent shares of Alibaba down as much as 10% in Tuesday trades. That move meant Jack Ma took a <a href="https://markets.businessinsider.com/news/stocks/ant-group-ipo-delay-sends-jack-mas-net-worth-down-2020-11-1029760254">$3 billion hit to his net worth</a>, according to data from Bloomberg.Oil <a href="https://markets.businessinsider.com/news/stocks/oil-price-climbs-opec-may-delay-planned-output-hike-2020-11-1029758862">climbed by the most in nearly a month</a> on Tuesday after OPEC+ members considered delaying an ease of oil-production cuts early next year. A slower rebound in demand for oil was among the considerations of the OPEC+ members, as air travel and consumer behavior have not bounced back to pre-pandemic levels.<a href="https://markets.businessinsider.com/commodities/oil-price?type=wti" target="_blank" rel="noopener">West Texas Intermediate crude</a> rose as much as 4.1%, to $38.32 per barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestts&amp;utm_medium=ingest" target="_blank" rel="noopener">Brent crude</a>, oil's international benchmark, jumped 3.8%, to $40.45 per barrel, at intraday highs.<a href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> traded higher on Tuesday, rising as much as 0.8%, to $1,910.67 per ounce.Read more: <a href="https://www.businessinsider.com/stocks-to-buy-and-avoid-in-3-election-outcomes-stifel-2020-10" target="_blank" rel="noopener">Stifel asked its analysts to identify stocks most likely to be positively or negatively affected by the election results. Here are the dozens of stocks to buy or avoid in each of the 3 outcomes.</a>

Dow leaps 555 points as investors eagerly await election results

<ul><li>US <keyword id="6354298" type="DEFINITION" weightage="60" keywordseo="Stocks">stocks</keyword> surged on Tuesday as Americans headed to the polls to vote for the next president of the United States.</li><li>The <keyword id="6359191" type="UNKNOWN" weightage="60" keywordseo="election">election</keyword> has represented a sizable overhang for investors over the past few months, as the outcome could have wide-ranging implications for the <keyword id="6357440" type="DEFINITION" weightage="60" keywordseo="Stock-Market">stock market</keyword>.</li><li>One Wall Street strategist said a swift resolution of Tuesday's election would remove a bout of investor uncertainty that could power stocks higher into year-end.</li><li><a href="https://markets.businessinsider.com/indices">Watch major indexes update live here</a>.</li></ul>US stocks surged on Tuesday, adding to Monday's gains, as Americans headed to the polls to vote for the next president of the United States.The resolution of the election will remove a large overhang of uncertainty that investors have faced since the summer, as the outcome could have wide-ranging implications for the stock market.From political gridlock to fiscal stimulus and infrastructure deals worth trillions of dollars, the outcome could set the stage for further gains, <a href="https://markets.businessinsider.com/news/stocks/how-investors-should-position-portfolios-blue-wave-scenario-blackrock-says-2020-11-1029754583#">according to BlackRock, the world's largest asset manager</a>.Here's where US indexes stood at 10:15 a.m. ET on Tuesday:<ul><li><a href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestmp;utm_medium=ingest" target="_blank" rel="noopener">S&amp;P 500</a>: 3,373.31, up 1.9%</li><li><a href="https://markets.businessinsider.com/index/dow_jones?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingesttm_medium=ingest" target="_blank" rel="noopener">Dow Jones industrial average</a>: 27,488.49, up 2.1% (584 points)</li><li><a href="https://markets.businessinsider.com/index/nasdaq_composite?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingesttm_medium=ingest" target="_blank" rel="noopener">Nasdaq composite</a>: 11,147.84, up 1.8%</li></ul>Read more: <a href="https://www.businessinsider.com/stocks-to-buy-and-avoid-in-3-election-outcomes-stifel-2020-10" target="_blank" rel="noopener">Stifel asked its analysts to identify stocks most likely to be positively or negatively affected by the election results. Here are the dozens of stocks to buy or avoid in each of the 3 outcomes.</a>Fundstrat's Tom Lee said in a note to clients on Tuesday that stocks would rally no matter the outcome, because any resolution will remove uncertainty for investors.If Joe Biden, the Democratic nominee, wins, Lee expects a 10% rally, while a surprise win for President Donald Trump could jolt stocks 15% to 17% higher.And even a contested election could result in a 5% to 7% rally, Lee said, as it would raise the odds that Congress will enact a fiscal stimulus deal and that the Fed will intervene with more easing of monetary policies.Read more: <a href="https://www.businessinsider.com/buy-and-hold-real-estate-investing-from-mcdonalds-to-multimillionaire-2020-11" target="_blank" rel="noopener">From flipping burgers at McDonald's to a self-made multimillionaire: Here's how Willie Mandrell leveraged a simple real-estate investing strategy to acquire 40 units and achieve financial freedom</a>Ant Financial Group's highly anticipated initial public offering <a href="https://markets.businessinsider.com/news/stocks/ant-group-ipo-suspended-shanghai-hong-kong-china-regulators-2020-11-1029758861">was put on hold</a> a day after Alibaba's Jack Ma met with Chinese regulators. The Ant IPO was set to be the largest debut of a public company, with a raise of $34.5 billion.Oil <a href="https://markets.businessinsider.com/news/stocks/oil-price-climbs-opec-may-delay-planned-output-hike-2020-11-1029758862">climbed by the most in nearly a month</a> on Tuesday after OPEC+ members considered delaying an ease of oil-production cuts early next year. A slower rebound in demand for oil was among the considerations of the OPEC+ members, as air travel and consumer behavior have not bounced back to pre-pandemic levels.<a href="https://markets.businessinsider.com/commodities/oil-price?type=wti" target="_blank" rel="noopener">West Texas Intermediate crude</a> rose as much as 4.1%, to $38.30 per barrel. <a href="https://markets.businessinsider.com/commodities/oil-price?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestts&amp;utm_medium=ingest" target="_blank" rel="noopener">Brent crude</a>, oil's international benchmark, jumped 3.8%, to $40.45 per barrel, at intraday highs.<a href="https://markets.businessinsider.com/commodities/gold-price">Gold</a> traded higher on Tuesday, rising as much as 0.7%, to $1,908.14 per ounce.Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-q3-earnings-companies-to-rally-jefferies-2020-11" target="_blank" rel="noopener">Buy these 13 stocks that are set to crush expectations and rally after their earnings, Jefferies says — including a top pick that could surge 79%</a>

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US stocks trade mixed after hitting new records as investors await Fed meeting

Isabelle Lee

US stocks mixed as investors hit pause on Monday's rally

Emily Graffeo

Dow, S&P 500 hit new records as fiscal-stimulus hopes remain elevated

Matthew Fox

S&P 500, Dow close at record highs amid Pfizer vaccine rollout and stimulus progress

Ben Winck

US stocks slide as investors balk at stimulus delay and surging COVID-19 cases

Ben Winck

Dow sinks 317 points as fresh lockdowns and stimulus gridlock slow post-election rally

Ben Winck

US stocks waver as virus resurgence catches up with vaccine optimism

Ben Winck

US stocks stutter as massive rotation drags on tech and boosts reopening trade

Ben Winck

US stocks retreat from record highs as stimulus deadlock continues

Matthew Fox

US stocks continue their post-election rally as the rotation into value persists

Matthew Fox

Dow climbs 350 points on strong earnings and stimulus hopes

Matthew Fox

Tech stocks lead market higher as post-election rally continues

Matthew Fox

Dow surges 368 points and Nasdaq hits highest level since April as investors shrug off the undecided election

Matthew Fox

Dow skyrockets 750 points amid tech surge as investors digest election uncertainty

Matthew Fox

Dow leaps 555 points as investors eagerly await election results

Matthew Fox

Dow climbs 580 points as Americans head into Election Day

Matthew Fox