Stocks Ended Sharply Higher, Oil Futures Rose

U.S. stocks ended sharply higher on Tuesday, with all three major indices adding more than 1%, as more updates on the stimulus front out of Washington helped at least temporarily offset concerns over the potential for more virus-related restrictions. The Dow Jones Industrial Average rose 337.76 points, or 1.13%, to 30,199.31. The S&P 500 advanced 47.13 points, or 1.29%, to 3,694.62. The Nasdaq Composite climbed 155.02 points, or 1.25%, to 12,595.06.

Oil futures rose Tuesday to post their highest settlement in more than nine months, as investors cheered the rollout of a COVID-19 vaccine and tracked progress in Washington toward another round of economic relief. West Texas Intermediate crude for January delivery rose 63 cents, or 1.3%, to settle at $47.62 a barrel. February Brent crude added 47 cents, or 0.9%, at $50.76 a barrel.