U.S. stocks rose for a fourth day as investor optimism over the likelihood for a new spending bill and potential coronavirus vaccines outweighed concern about an escalation of tensions with China. The dollar weakened to the lowest level since March.
U.S. equities climbed, with the Nasdaq Composite Index briefly turning positive for the year, as investors sift through the latest company earnings and data showing another surge in the number of out-of-work Americans. Oil jumped.