EDITOR'S NOTE
The stock market rose again on Tuesday in a broad move that pushed the Nasdaq Composite and the S&P 500 to a record close.
Small caps joined the rally, with the Russell 2000 rising roughly 1%.
The gains were not limited to the equity market, as the price of oil rose for the second straight day. Energy prices had slipped in recent weeks as the spread of the delta variant began to slow the global economic recovery. However, investors and traders appear to be growing more confident that this won't be a long-term problem.
"The oil price snapback will only continue if the headlines … support the narrative that several countries are starting to have a much better handle with the delta variant. The oil market is still very tight and with Chinese demand picking up, crude prices only have one way to go after an overdone sell-off," Edward Moya, senior market analyst at Oanda, said in a note. The Dow Jones Industrial Average closed up 30.55 points to end the day at 35,366.26. The S&P 500 added 0.1%, closing at 4,486.23. The Nasdaq Composite closed at 15,019.80, reflecting a gain of 0.5%.
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Stocks making the biggest moves midday: L Brands, Estee Lauder, CureVac, Tesla & more This is a developing news story. Please check back for updates: https://www.cnbc.com/2020/08/20/stocks-making-the-biggest-moves-midday-l-brands-estee-lauder-curevac-tesla-more.html Follow @CNBCnow for breaking news and real-time market updates Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy CNBC Events © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 ...

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