Wall Street rose on Tuesday, fueled by a tentative deal reached by U.S. lawmakers to avoid another partial government shutdown and optimism that the United States and China could reach an agreement during their ongoing trade talks.
However, it was unclear if President Donald Trump would embrace the deal as congressional aides said it did not contain the $5.7 billion he wants for a border wall.
“What investors are taking from this is that the government stays open, whether or not Trump signs on the deal is secondary,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
“There is a lot of optimism around the trade talks and hopes for some kind of a deal in the making.”
The talks resumed on Monday and U.S. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer arrived in…