Stocks Ended Sharply Higher, Dow Topped 30K

U.S. stocks ended sharply higher on Tuesday, with the Dow Jones Industrial Average above 30,000 for the first time ever, extending a rally based on expectations that the deployment of a COVID-19 vaccine was imminent. The Dow Jones Industrial Average rose 454.97 points, or 1.54%, to 30,046.24. The S&P 500 was up 57.82 points, or 1.62%, to 3,635.41. The Nasdaq composite added 156.15 points, or 1.31%, to 12,036.79.

Oil futures rose sharply Tuesday, with the U.S. and global benchmarks both closing at levels last seen before a market swoon in March. West Texas Intermediate crude for January delivery rose $1.85, or 4.3%, to end at $44.91 a barrel. January Brent crude was up $1.80, or 3.9%, to close at $47.86 a barrel.

Home Depot Inc, the largest U.S. home improvement retailer, on Tuesday reached a $17.5 million settlement to resolve a multistate probe into a 2014 data breach where hackers accessed payment card data belonging to 40 million customers.

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