U.S. stocks opened higher Tuesday, on track to set fresh records, as investors rotated their exposure away from pricier tech stocks towards other sectors that haven't fully participated in the rally of the past few months. The Dow Jones Industrial Average DJIA, +1.12% added 275 points, 1%, opening near 28,067, while the S&P 500 SPX, +0.50% rose 16 points, 0.5%, opening near 3,376.
The Nasdaq Composite Index COMP, +0.03% lost about 26 points, 0.2%, to open near 10,941. Investors seemed to take heart in declining COVID-19 case counts and deaths, even as talks continued in Washington about extending aid to help cushion the economic impact of the pandemic. Shares of Royal Caribbean Cruises Ltd. RCL, +3.97% jumped after the bell, one day after skyrocketing 10%, as traders bet on beaten-down corners of the market.
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