Investors were optimistic on Tuesday as U.S. stocks rose amid debt ceiling negotiations in Washington and retailers reported first quarter earnings. The Dow Jones Industrial Average was up 0.2%, while the S&P 500 and NASDAQ Composite were both up 0.2%. Top-ranking lawmakers met with President Joe Biden at the White House on Tuesday and expressed optimism a default would be averted. Retailers such as Target Corporation and TJX Companies Inc reported earnings that beat first quarter forecasts, but offered a second-quarter profit outlook that disappointed. Western Alliance Bancorporation led other regional banks higher after it gave another update on deposits. Tesla Inc shares edged 3% higher after yesterday’s annual shareholder meeting, where CEO Elon Musk said he intends to remain in that role. Oil was rising, while gold futures were down 0.4%.
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