US: S&P 500 nears record high on stimulus bets

[NEW YORK] US stocks opened higher on Tuesday, with the S&P 500 closing in on a record high, as investors bet on more stimulus measures and a steady post-coronavirus recovery following a better-than-expected earnings season.

The Dow Jones Industrial Average rose 170.20 points, or 0.61 per cent, at the open to 27,961.64. The S&P 500 opened higher by 9.87 points, or 0.29 per cent, at 3,370.34, while the Nasdaq Composite dropped 25.70 points, or 0.23 per cent, to 10,942.66 at the opening bell. 

REUTERS