Dow Jones| Nasdaq | US Stock Market Today | Live: US stocks rise as Dow jumps over 250 pts; S&P 500, Nasdaq advance

The Dow Jones Industrial Average climbed over 250 points, while the S&P 500 and Nasdaq also advanced on Tuesday. The gains were driven by optimism about a potential COVID-19 vaccine and strong corporate earnings.

The Dow Jones rose 0.9%, surpassing 30,000 for the first time since February. The S&P 500 gained 0.7%, and the Nasdaq added 0.6%.

Investors also welcomed news that the U.S. and China have agreed to a phase one trade deal, which could boost global economic growth.