A last-minute agreement to keep the U.S. from defaulting on its debt and reopen the government sent the stock market soaring Wednesday, lifting the Standard & Poor's 500 index close to a record high.
The stock market is rising Monday, ahead of the start of earnings season and on increasing confidence that the economy can support profit growth for U.S. companies.
Stocks gained early Tuesday, led by financial companies, in quiet trading ahead of the July 4th holiday in the U.S. Ford got a boost after reporting its best June for auto sales since 2006.
Stocks extended their slide after the Federal Reserve said it could start scaling back its economic stimulus program later this year and end it by the middle of next year.