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MarketWatch MarketPulseAug 04, 2020
Stocks close higher as stimulus talks continue, with Nasdaq notching new high
Stocks closed modestly higher after a choppy trading session Tuesday, with investors keeping one eye on stimulus talks in Washington and another on mixed corporate earnings. The Dow Jones Industrial Average gained about 166 points to close 0.6% higher, near 26,830, while the S&P 500 closed at 3,307, according to preliminary estimates, up 12 points or 0.4%. The tech-heavy Nasdaq started off the day strong, slipped into the red, and rebounded late in the session to close 0.4%, 38 points, higher, near 10,941, another record close. Shares of Abiomed Inc. lost ground even after the company said its Impella heart pump had received an emergency use authorization from the FDA for use as a treatment for some COVID-19 patients. On Capitol Hill, a stimulus deal for the coronavirus-battered economy did not appear imminent.

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.



CNBC FinanceAug 04, 2020
Dow closes higher for a third day, up 160 points, as coronavirus relief talks continue
Stocks rose across the board on Tuesday, building on the previous session's strong gains, as lawmakers tried to ink a virus relief deal.
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