The gains came after US equities pulled back on Monday over fears of more unrest after a mob of President Donald Trump's supporters last week attacked the Capitol in an unsuccessful effort to block certification of Joe Biden's victory in the November elections.
Petroleum producer Apache surged 11.2 per cent, while United Airlines won 3.2 per cent and Caterpillar gained 1.9 per cent. All are seen as winners during a period of economic growth. Among individual companies, General Motors surged 6.2 per cent as it unveiled plans Tuesday to build electric vans under the new BrightDrop brand.
GM announced a venture with delivery giant Fedex to test new vehicles. The move comes with GM and other automakers racing to keep pace with electric carmaker Tesla's dizzying growth, and as Amazon is set to launch its own electric delivery vans from the startup Rivian. Walmart gained 1.1 per cent as it announced a new fintech startup with Ribbit Capital, the global investment firm behind Robinhood and other ventures.For daily updates on weekdays and specially selected content for the weekend. Subscribe to