following another upbeat announcement about a new coronavirus vaccine and news of President-elect Joe Biden's selection of Janet Yellen to be treasury secretary.
The Dow Jones Industrial Average gained 1.1 per cent to 29,591.27. The broad-based S&P 500 advanced 0.6 per cent to 3,577.59, while the tech-rich Nasdaq Composite Index added 0.2 per cent at 11,880.63. Elsewhere in Asia, Tokyo shares opened higher on Tuesday after US President Donald Trump said he no longer opposed government aid for Mr Biden's transition team, with markets also buoyed by new vaccine news.
The Nikkei 225 index rose 1.9 per cent or 486.82 points to 26,014.19 in early trade, after a long weekend. The broader Topix index added 2 per cent or 34.51 points to 1,761.90.BT is now on Telegram!