By Yasin Ebrahim
Investing.com – The Nasdaq notched another record high Tuesday, as big tech cut some losses into the close, though uncertainty over the progress of talks concerning the next coronavirus stimulus package weighed on sentiment.
The Dow Jones Industrial Average rose 0.62%, or 164 points. The S&P 500 rose 0.36%, while the Nasdaq Composite added 0.35.%.
Contradictory remarks on the progress of the virus aid bill from lawmakers on both sides of the political aisle did little to help sentiment on risk.
Still, some sectors tied to the progress of the economy like energy and real estate helped the broader market end the day above the flatline.
Energy climbed more than 2%, led by Williams Companies (NYSE:WMB), Devon Energy (NYSE:DVN) and Marathon Oil (NYSE:MRO).
Tech, however, appeared to run out of steam as Apple (NASDAQ:AAPL) gave up some gains after denying reports that it was weighing a move to acquire TikTok.
Amazon (NASDAQ:AMZN) inched higher, while Alphabet (NASDAQ:GOOGL), Facebook (NASDAQ:FB) and Microsoft (NASDAQ:MSFT) traded in the red.
On the earnings front, investors digested mixed quarterly results.
Take-Two Interactive Software (NASDAQ:TTWO) raised its full-year guidance after reporting second-quarter results that topped Wall Street estimates on both the top and bottom lines, sending its shares 5.9% higher.
Virgin Galactic (NYSE:SPCE) nosedived 13.8% after reporting a wider than expected quarterly loss. The company also detailed plans to raise about $460 million, through the sale of about 20.5 million shares.