Stocks are moving higher on Wall Street, pushing the S&P 500 ever closer to the all-time high it reached back in February, before the coronavirus shutdowns slammed the economy. The index was up 0.5% in afternoon trading Tuesday. European markets were also higher. The gains followed President Donald Trump’s announcement that he was considering cuts to taxes on capital gains and income. Declines in big-name tech stocks like Apple and Microsoft kept the market’s gains in check. Those stocks have far outpaced the rest of the market this year as investors bet they could still thrive in a stay-at-home economy. Treasury yields rose.
