Markets rise, “beginning a bull run”

Markets rose on Tuesday.

The S&P 500 rose 0.2 percent, the STOXX Europe 600 rose 0.3 percent and the Nikkei 225 rose 0.7 percent.

Market sentiment was boosted by the European Union's agreement on a €750 billion COVID-19 rescue fund.

“Today, you’re seeing optimism around a potential vaccine and also around further economic stimulus,” said Mike Skillman, chief executive officer at Cadence Capital.

Meanwhile, Matt Stucky, equity portfolio manager at Northwestern Mutual Wealth Management, said he expects the Federal Reserve and other global central banks to keep their feet “all the way down to the accelerator for awhile, which will permeate into equity prices”.

“The S&P 500 is breaking out of trading range,” said Crista Huff, founder of hedge fund Freedom Investment Partners. “We are beginning a bull run.”