U.S. stocks opened higher Tuesday as investors watched progress toward President Joe Biden’s $1.9 trillion coronavirus relief package and data showing falling COVID-19 cases, which fell to their lowest level in four months on Presidents Day. In economic reports, the New York Fed’s Empire State business conditions index rose 8.6 points to 12.1 in February, the regional Fed bank said Tuesday. This is the highest level of activity since July. Economists had expected a reading of 5.9, according to a survey by The Wall Street Journal. The Dow Jones Industrial Average
rose 0.4% to 31,582, the S&P 500 index
climbed 0.3% to 3,948, while the Nasdaq Composite Index
advanced 0.5% to 14,164. All three main equity benchmarks hit all-time intraday records at the start of Tuesday’s action, following a record close for stocks on Friday. Markets in the U.S. were closed on Monday in observance of Presidents Day and remain closed in parts of Asia for the Lunar New Year.