Stocks End Modestly Higher as Investors Assess Recovery Prospects TheStreet 1/12/2021 © TheStreet Stocks End Modestly Higher as Investors Assess Recovery Prospects
Stocks finished modestly higher Tuesday as investors assessed the political turmoil in Washington and prospects for more stimulus to combat the coronavirus pandemic.
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The Dow Jones Industrial Average ended up 60 points, or 0.19%, to 31,068, the S&P 500 edged up 0.04% and the Nasdaq rose 0.28%.
The yield on the benchmark 10-year Treasury bond rose to 1.177%, the highest since March, as investors anticipated more government spending after the Joe Biden administration takes office next week. Biden has promised further economic stimulus in the trillions of dollars.
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