Market Snapshot: U.S. stocks erase most of last week’s losses as focus turns from GameStop saga to fiscal stimulus, vaccine rollout

U.S. stocks are sharply higher Tuesday afternoon, with investors encouraged by news on the pace of vaccines in the U.S., the prospect of more fiscal aid from Congress, and a decline in the frenzy of retail trading in heavily shorted stocks.

U.S. stocks are sharply higher Tuesday afternoon, with investors encouraged by news on the pace of vaccines in the U.S., the prospect of more fiscal aid from Congress, and a decline in the frenzy of retail trading in heavily shorted stocks.