The Dow Jones Industrial Average edged higher to a record Tuesday as investors focused on the potential for more fiscal stimulus and the rollout of coronavirus vaccines.
The Dow industrials gained 0.2%, building on a record from Friday, before the three-day weekend in the U.S. The S&P 500 ended little changed.
The technology-heavy Nasdaq Composite, meanwhile, slipped 0.3%, dragged lower by losses in heavily weighted shares of Apple and Microsoft .
Investors in recent days have been heartened by expectations that a fresh round of stimulus spending and continued support from the Federal Reserve will support economic recovery. House Democrats are preparing to stitch together a legislative version of President Biden’s $1.9 trillion coronavirus relief proposal this week.
Sentiment also has been buoyed by the rollout of vaccines and a drop in Covid-19 infection rates in many countries.
