Stocks Ended Sharply Higher on Trade Optimism; Deal to Avoid Shutdown

U.S. stocks ended sharply higher on Tuesday on optimism for a U.S.-China trade deal and after lawmakers reached a tentative deal to avoid another government shutdown before the end of the week. The Dow Industrial Average jumped 372.65 points, or 1.49%, to 25,425.76. The S&P 500 gained 34.93 points, or 1.29%, to 2,744.73. The Nasdaq Composite rose 106.71 points, or 1.46%, to 7,414.62.

Oil futures climbed Tuesday to mark the highest finish in almost a week, after a closely followed monthly OPEC report showed that members of the cartel substantially reduced production in January. March West Texas Intermediate crude oil added 69 cents, or 1.3%, to settle at $53.10 a barrel. April Brent crude gained 91 cents, or 1.5%, to end at $62.42 a barrel.