REUTERS: The S&P 500 ended higher after a choppy session on Tuesday, lifted by energy stocks but limited by declines in AIG and Microsoft while investors awaited more U.S. government stimulus to fight economic fallout from the COVID-19 pandemic.
"Investors are still comfortable that the trajectory of earnings is on the right path and the 2021 outlook has remained intact. All that helps support the market at these levels," said Lindsey Bell, chief investment strategist at Ally Invest."But there is an underlying level of uncertainty leading to a bit of caution," Bell added.
A rally in tech-related stocks and trillions of dollars in monetary and fiscal stimulus have lifted the S&P 500 to within about 3per cent of February's record high. White House officials could not say how the U.S. government would receive a portion of the proceeds from any sale of TikTok's U.S. operations, one day after President Donald Trump called for a cut of the money.
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