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Here's what happened to the stock market on Tuesday

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Expectations of a fiscal stimulus package passing through Congress gave stocks a massive lift off their lowest levels in more than three years.

House Speaker Nancy Pelosi told CNBC's Jim Cramer there is "real optimism" in Congress over a stimulus deal being reached. "We think the bill has moved sufficiently to the side of workers," she said.

Senate Minority Leader Chuck Schumer has also indicated he is hopeful a deal will be reached. Bottom line, investors cheered the apparent progress made in Washington. However, investors want to see the bill signed sooner rather than later.

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