Stocks continue to shrug off the latest U.S.-China tensions as President Trump explores a variety of tax cuts while lawmakers attempt to restart talks over a covid-19 stimulus package. Contracts tied to the S&P 500 suggest increase at the opening bell gain. Dow futures are recording even bigger gains as investors extend a rotation into growth value stocks.
The broader market index gained 0.5% and was within half a percent of reaching its Feb. 19 record of 3,393.52. The Dow Jones Industrial Average jumped 350 points, or 1.3%. The Nasdaq Composite struggled, however, sliding 0.4%.