Stocks open higher on Wall Street, pushing the S&P 500 ever closer to the all-time high it reached back in February, before the coronavirus shutdowns slammed the economy. The index was up 0.3% in the early going Tuesday.
FILE - In this Aug. 3, 2020, file photo, a woman wearing a face mask walks by an electronic stock board of a securities firm in Tokyo. Shares advanced in Asia on Tuesday, Aug. 11, extending another rally that took the S&P 500 to within striking distance of its all-time high set in February.
Markets rose even as the tally of confirmed new coronavirus cases worldwide topped 20 million, according to Johns Hopkins University. On top of the rising number of coronavirus counts around the world, uncertainty has grown with widening antagonisms between the United States and China, the world’s largest economies. The latest move in their escalating tensions was China’s announcement of unspecified sanctions against 11 U.S. politicians and heads of organizations promoting democratic causes, including Senators Marco Rubio and Ted Cruz.On Monday, the S&P 500 rose 0.3%, to close at 3,360.
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