The US stock market gains on Stocks, stimulus hopes as Federal Bank takes Key step

 The U.S. stock indexes gains on Tuesday as profit toward a massive government expense  bill and COVID-19 pandemic relief measures kept hopes high, while investors awaited for new policy measures from the Federal Bank  meeting in this  month.

    Software shares were the top boost to the Dow and the Nasdaq, climbing  4% to a more than three-month high after a report said it plans to increase iPhone production by 30% in the first half of 2021.

    Discussions in American senate  were underway late on yesterday to agree on a bill to avoid  a U.S. Government shutdown, with Democrat and Republican leaders appearing more upbeat about including a fresh round of coronavirus financial assistance, the initial  relief measure since this financial year 2020-2021.

    Stock Markets have moved in profit  with news on an expenditure bill, which is expected to further offset the financial  impact of the virus outbreak and keep liquidity high.

    But official news  over the timing of the expenditure bill, as well as a spike in the U.S. coronavirus death toll pushed the  to a four-day losing streak on Yesterday, despite optimism over the start of a nationwide vaccination program.

    If the expenditure bill  to be passed, but investors are really hopeful of a stronger response to the present situation, said by the Market analysts.

At 9:54 a.m. ET, the Dow Jones Industrial Average was up 133.99 points, or 0.45%, at 29,995.54, the S&P 500 was up 26.03 points, or 0.71%, at 3,673.52. The Nasdaq Composite was up 105.53 points, or 0.85%, at 12,545.57.

Software sector stocks were the best performing S&P 500 sector in initial  trading.

  High  liquidity and Cheap  lending rates have seen investors investing  to stocks for high returns through the present pandemic situation, with the Software  sector benefiting the most.

 The U.S. Federal Reserve Bank is expected to indicate simple monetary policy for the near  future in its two-day meeting starting today. The recently invented Covid-19 vaccine roll-out is also expected to improve the central bank's 2021 outlook.

  The U.S. Food and Drug Administration staff members did not raise any new concerns over data on the production of  COVID-19 vaccine. A report said the vaccine will gain emergency use approval on 4days before

    Advancing issues outnumbered decliners for a 2.51-to-1 ratio on the NYSE and a 1.67-to-1 ratio on the Nasdaq.

    The Stock Market indexes noted  eight new 52-week highs and 2 new downs. Clearly the news of the Covid-19 Pandemic played a vital role in the U.S. Stock Markets.