U.S. equity markets touched record highs Tuesday morning as investors expressed enthusiasm that the aid from Congress will provide a boost to the economy. Also at play, say traders, a seasonal tailwind.


The Dow Jones Industrial Average was up 158 points, or 0.52%, in the opening minutes of trading while the S&P 500 and the Nasdaq Composite were higher by 0.5% and 0.44%, respectively.

All three of the major averages finished in record territory Monday after President Trump signed a bill that gave $900 billion for COVID-19 relief and another $1.4 trillion to fund the government through 2021.

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Further records also being powered by an extension of the so-called 'Santa Claus' rally, when stocks historically rise in the final days of the year.

The House of Representatives voted in favor of Trump’s proposal for direct payments in the bill to be increased to $2,000 from $600. Timing of a Senate vote is uncertain.

Looking at stocks, Boeing Co.’s 737 Max aircraft is set to return to the skies Tuesday when an American Airlines flight from Miami International Airport to New York’s LaGuardia Airport takes off. The jet was grounded in March 2019 after two crashes killed all 346 people aboard. Read more at FOX Business