New York —

The Dow surged higher on Tuesday, bolstered by optimism that the US government shutdown might come to an end this week.

The Dow gained 559 points, or 1.18%, and closed at a record high of 47,927.96. The broader S&P 500 gained 0.21%. Meanwhile, the tech-heavy Nasdaq Composite fell 0.25%.

Stocks were mostly higher Tuesday after the Senate on Monday approved a funding measure to end the government s

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