Stock market rallies as Pelosi, McConnell voice 'real optimism' over stimulus deal

The Dow Jones Industrial Average surged on Tuesday morning as an agreement on Congress' coronavirus stimulus package appeared imminent.

The Dow climbed more than 1,300 points, and the S&P 500 was up 6.7 percent. Treasury Secretary Steven Mnuchin said Monday that President Trump was "hopeful" an agreement on the economic stimulus bill responding to the COVID-19 coronavirus pandemic could be reached by today, The Hill reports. Mnuchin's comments followed negotiations with Senate Minority Leader Chuck Schumer (D-N.Y.).

Last week, the Dow fell below 19,732 points, erasing all of the gains...