Stocks rose on Tuesday amid news that U.S. lawmakers had secured a tentative deal on border security funding.
The Dow Jones Industrial Average rose 200 points, led by Goldman Sachs and J.P. Morgan Chase. The S&P 500 climbed 0.7 percent as energy and financials outperformed. The Nasdaq Composite also advanced 0.7 percent.
On Monday night, congressional negotiators struck a deal in principle that would keep the government open and avoid a shutdown on Friday. The drafted agreement did not contain funds for President Donald Trump‘s border wall, however.
The government was shut down for 35 days until Jan. 25, the longest one in history, as Trump and congressional leaders could not come to terms on funding for a wall along the U.S.-Mexico border.
Investors also focused on U.S.-China trade talks as both countries try to hammer out a deal before an early March deadline. Both sides expressed hopes the new round of negotiations, which began in Beijing on Monday, would bring them closer to a comprehensive trade agreement.