Stocks Ended Higher as Banks Rallied

U.S. stocks ended higher on Tuesday, extending gains for fourth day , thanks to big gains in Goldman Sachs Group and J.P. Morgan Chase & Co. The Dow Jones Industrial Average advanced 43.08 points, or 0.21%, to 20,937.91. The S&P 500 rose 4.40 points, or 0.18%, to 2,398.42. The Nasdaq Composite edged up 5.09 points, or 0.08%, to 6,138.71.

Oil prices finished higher Tuesday, buoyed by expectations that OPEC will decide later this week to extend production cuts for at least another six months. July West Texas Intermediate crude rose 34 cents, or 0.7%, to settle at $51.47 a barrel. July Brent crude gained 28 cents, or 0.5%, to $54.15 a barrel.

President Donald Trump’s team released its first full budget proposal on Tuesday. While the overall proposed spending is about on par with last year, at $4.1 trillion for 2018, the budget is notable for the knife it takes to domestic programs focused on science and research, the arts and, most notably, social welfare programs.

Intuit Inc. (INTU) reported its third-quarter earnings slipped to $964 million, $3.70 a share, from $1.03 billion, or $3.94 a share, a year earlier. Excluding items, the company would have earned $3.90 a share. Revenue rose to $2.54 billion from $2.3 billion.