Stocks Ended Higher, Nasdaq Hit Fresh Record

U.S. stocks ended higher on Tuesday, with the Nasdaq Composite hitting a fresh record high. The Dow Jones Industrial Average rose 131.14 points, or 0.50%, to 26,156.10. The S&P 500 added 13.43 points, or 0.43%, to 3,131.29. The Nasdaq Composite gained 74.89 points, or 0.74%, to 10,131.37.

Oil prices gave up earlier gains to finish lower Tuesday, with conflicting U.S. government statements on the status of U.S.-China trade deal and a rise in COVID-19 cases feeding uncertainty over the outlook for energy demand. West Texas Intermediate crude for August fell by 36 cents, or 0.9%, to settle at $40.37 a barrel. Brent oil for August delivery fell by 45 cents, or 1%, to settle at $42.63 a barrel.