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Wall Street Opens at New Highs on Hopes for Stimulus Boost; Dow up


Investing.com -- U.S. stock markets opened at new record highs for a second straight day on Tuesday, as hopes for a boost to the already-agreed fiscal stimulus package dovetailed with the urge to do some "window-dressing on year-end balance sheets.

By 9: 35 AM ET (1435 GMT), the Dow Jones Industrial Average was up 131 points, or 0.4% at 30,535 points. The S&P 500 and the Nasdaq Composite were also both up 0.4%. All three had posted their highest ever closes already on Monday, supported by confidence that the stimulus package would put a floor under household spending - the biggest part of the U.S. economy - for the next few months.

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