Stocks Ended Higher as Financials Extended Rally

U.S. stocks ended higher for a second session on Tuesday, as financial shares extended their rally in the wake of comments from Treasury Secretary Steven Mnuchin that he hopes to see a tax overhaul by the end of the year. The Dow Jones Industrial Average rose 61.49 points, or 0.28%, to 22,118.86. The S&P 500 gained 8.37 points, or 0.34%, to 2,496.49. The Nasdaq Composite added 22.02 points, or 0.34%, to 6,454.28.

Oil prices finished higher Tuesday, as the latest OPEC report that showed oil production from the cartel fell last month. West Texas Intermediate crude oil for October delivery gained 16 cents, or 0.3%, to settle at $48.23 a barrel, while Brent oil for November added 43 cents, or 0.8%, to $54.27.

Apple Inc. (AAPL) stock edged down 0.4% during the regular session to $160.91 after news emerged that sales of its much-anticipated iPhone X will occur in the next fiscal year. Apple executives announced Tuesday that the new iPhone X, priced at $999, will be available for pre-order in October, and not delivered until Nov. 3.