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 Stock futures rose as overnight trading kicked off Tuesday evening, extending regular-session gains as investors clung to hope that lawmakers would pass a stimulus package sometime this week.
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 (Bloomberg) -- House Speaker Nancy Pelosi said Tuesday she's hopeful for a stimulus agreement this week, which would be crucial to getting a bill passed by Election Day, although Senate Majority Leader Mitch McConnell has warned the White House against a bigger Pelosi-led deal before Nov. 3."That's the plan. That's what I would hope," Pelosi said about reaching a compromise this week. She spoke to reporters after her latest call with Treasury Secretary Steven Mnuchin Tuesday.The White House also expressed some optimism on progress. Chief of Staff Mark Meadows said on CNBC that "everybody is working real hard" to get an agreement by the weekend, although he cautioned that there are still some outstanding issues. "I want to stress: We're not just down to a difference of language and a few dollars," Meadows said. "We still have a ways to go."Even if remaining differences can be bridged, Senate Republicans remain a key roadblock, as many oppose a bill on the scale of what's now under negotiation. Majority Leader Mitch McConnell has warned the White House not to rush into an agreement before the election, according to a person familiar with the matter.The administration's offer has increased to $1.88 trillion, Meadows said. Pelosi is pushing for $2.2 trillion, while President Donald Trump reiterated Tuesday he could be willing to go even bigger.Stocks RoiledThe twists and turns of the stimulus talks have been roiling equities. The S&P 500 Index slumped 1.6% Monday, then climbed as much as 1.5% Tuesday
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When is a deadline not a deadline? Apparently - and fortunately, for the stock market - when it relates to politicians passing a stimulus deal.
House Speaker Nancy Pelosi on Tuesday walked back her comments setting a hard deadline of today to strike an agreement, but for reasons most investors could get behind. That is, Democrats and the White House are said to be nearing a middle ground in their negotiations, and Pelosi had a 3 p.m. talk set with Treasury Secretary Steven Mnuchin.
SEE MORE 25 Stocks That Billionaires Are Selling
Also helping buoy spirits were a few strong results from the third-quarter earnings slate.
Insurer Travelers (TRV, 5.6%) posted Street-beating profits despite higher-than-usual catastrophe losses. And Procter & Gamble (PG, 0.4%) enjoyed higher demand for cleaning and laundry products, which lifted the company's sales and earnings ahead of estimates.
"PG has been building momentum longer than most of its peers and well before Covid-19 hit, which is one reason we view PG as a post-pandemic winner," writes CFRA analyst Arun Sundaram, who rates PG shares at Buy. "Additionally, the investments PG has made in its brands, capabilities, and organization are just beginning to pay off and should manifest into more market share gains."
The Dow Jones Industrial Average closed up 0.4% to 28,308, while the S&P 500 ( 0.5% to 3,443) and Nasdaq ( 0.3% to 11,516) also headed to higher gro
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 The global tally for confirmed cases of the coronavirus that causes COVID-19 climbed above 40.4 million on Tuesday, according to data aggregated by Johns Hopkins University, while the death toll rose above 1.1 million. The U.S. has the highest case total at 8.2 million and deaths at 220,133. President Donald Trump on Monday called Dr. Anthony Fauci, head of the National Institute for Allergies and Infectious Diseases and considered the nation's leading infectious-disease expert, a "disaster" on a campaign call and on Twitter and said, "People are tired of hearing Fauci and all these idiots."
Brazil has the second highest death toll at 154,176 and is third by cases at 5.3 million. India is second in cases with 7.6 million, and third in deaths at 15,197. Mexico has the fourth highest death toll at 86,338 and ninth highest case tally at 854,926. The U.K has 43,816 deaths, the highest in Europe and fifth highest in the world, and 744,122 cases.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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 Stocks are being driven higher at the start of the week by the same old hopes of a new U.S. stimulus deal.
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Texas Instruments Inc. TXN shares rose in the extended session Tuesday after the chip maker's results and outlook topped Wall Street's estimates. Texas Instruments shares rose 2% after hours, following a less than 0.1% advance in the regular session to close at $150.83. The company reported third-quarter net income of $1.35 billion, or $1.45 a share, compared with $1.43 billion, or $1.49 a share, in the year-ago period. Revenue rose to $3.82 billion from $3.77 billion in the year-ago quarter, driven by a rebound in auto chip and personal electronics sales. Analysts surveyed by FactSet had forecast earnings of $1.28 a share on revenue of $3.44 billion, while Texas Instruments had forecast earnings between $1.14 and $1.34 a share on revenue of $3.26 billion to $3.54 billion for the third quarter. In the fourth quarter, Texas Instruments expects earnings of $1.20 a share to $1.40 a share on revenue of $3.41 billion to $3.69 billion , compared with an analyst consensus of $1.19 a share on revenue of $3.33 billion.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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U.S. stock benchmarks on Tuesday kicked off trade modestly higher, as stocks attempted to recover from the worst daily percentage decline in about a month. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin have indicated that differences in negotiations toward a sweeping coronavirus aid package are "narrowing," with a self-imposed deadline of end of day Tuesday looming. Both sides said they are continuing to work on the matter, which the market views as crucial to supporting further gains. Meanwhile, Moderna Inc. said that it could seek emergency authorization for its vaccine candidate before the end of the year, joining Pfizer Inc. , which last week said that it would have its experimental drug ready before the the end of 2020. The Dow Jones Industrial Average was up 112 points, or 0.4%, at 28,310, the S&P 500 index was trading 0.5% higher at 3,444, while the Nasdaq Composite Index was advancing 0.5% at 11,540, at last check. Markets finished Monday action with their worst percentage declines since late September.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Some Wall Street strategists make the case that two weeks shy of the Nov. 3 election, some narrowing of recent chances for a victory in the presidential race by former Vice President Joe Biden against incumbent Donald Trump is causing some pause among investors.
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