(CNBC) -- Stocks rose on Tuesday after House Speaker Nancy Pelosi signaled Democrats and the White House were making progress in negotiations for a new fiscal stimulus deal.
The Dow Jones Industrial Average closed 113 points higher, or 0.4%. The 30-stock average was briefly up more than 300 points. The S&P 500 gained 0.5% and the Nasdaq Composite advanced 0.3%.
On Tuesday, Pelosi, D-Calif., said both sides had made progress in their negotiations. “Hopefully by the end of the day, we’ll know where we all are,” Pelosi told Bloomberg TV. “But I’m optimistic.”
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