Wall Street extended its recent run of gains Tuesday, despite a late stumble that nearly wiped out the stock market’s gains for the day. Banks and energy companies led the gains, outweighing losses in technology stocks, which pulled the Nasdaq composite lower. Small company stocks did better than the broader market. The latest gains followed strength in markets overseas as investors welcomed news that European leaders have agreed on a budget and coronavirus relief fund worth more than US$2 trillion. Small company stocks surged, driving the Russell 2000 index up by 19.56 points, or 1.3 percent, at 1,487.51.

Source: The Standard July 22, 2020 01:35 UTC