A tenative deal by American lawmakers to avoid another government shutdown fueled stocks on Tuesday. The Dow snapped its four-day losing streak. That optimism over the tentative deal and the U.S.-China trade talks lifted the European markets as well.
William O'Neil & Co. chief investment strategist, Randy Watts.
SOUNDBITE: WILLIAM O'NEIL & CO. CHIEF INVESTMENT STRATEGIST, RANDY WATTS (ENGLISH) SAYING:
"Breadth has been very good. We've had a very very strong January. And really, right now, technically, this market's really doing everything you could've asked."
Trade-sensitive industrial stocks like Boeing and Caterpillar climbed.
Chip stocks like Intel, which are also highly exposed to China, also gained.
Electronic Arts jumped. The videogame maker's new battle royale game gained traction.