Stocks traded mixed, as market participants considered more earnings results and the potential for more virus-related stimulus measures. The S&P 500 came within 0.8% of its record closing high from February 19.
Stock futures opened slightly to the downside Monday evening after a mixed session on Wall Street earlier, as tech stocks that had previously led the market higher lost momentum. The Nasdaq declined, while the S&P 500 and Dow each ended higher.
Shares advanced in Europe and Asia on Tuesday after the S&P 500 climbed to within striking distance of its all-time high set in February. Markets rose in Paris, London, Tokyo and Hong Kong even as the tally of confirmed new coronavirus cases worldwide topped 20 million, according to Johns Hopkins University. Sentiment got an extra boost from President Donald Trump's announcement that he plans to cut taxes on capital gains and on middle income earners.