REUTERS: Wall Street stocks rebounded on Tuesday, led by a jump in Amazon.com, even as a likely delay in new fiscal stimulus by Congress and an increase in the number of coronavirus cases dampened hopes of a faster economic recovery.
Seven of the 11 major S&P 500 sector indexes closed higher, led by information technology and consumer discretionary . The Centers for Disease Control and Prevention on Tuesday reported 6,825,697 new coronavirus cases and said that the number of deaths had risen by 438 to 199,462. "All the political energies are going to be directed towards the next Supreme Court nomination. I don't see them paying attention to that and pushing stimulus through at the same time," said Mike Zigmont, head of trading and research at Harvest Volatility Management in New York.
The Dow Jones Industrial Average rose 140.48 points, or 0.52per cent, to 27,288.18. The S&P 500 gained 34.51 points, or 1.05per cent, to 3,315.57 and the Nasdaq Composite added 184.84 points, or 1.71per cent, to 10,963.64.
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