US stocks closed higher on Tuesday, Nov. 22, shrugging off Chinese policies regarding COVID-19 restrictions.
Instead, he focused on a string of strong earnings reports and the possibility of a future interest rate hike during a short trading week due to the Thanksgiving holiday.
At the end of the session, the Dow Jones index rose by 1.18% to 34,098 points.
The S&P500 was up 1.36% to 4003 points, its first close above the 4000 level since September, and the Nasdaq was up 1.36% to 11174 points.
China saw its first mainland death from Covid since May over the weekend, prompting officials to back up protocols to limit the spread of the virus.
Just a week ago, the country started to ease some of its tough COVID-19 measures, on the way to a more flexible policy.
Investors will watch the release of earnings reports from HP Inc and Nordstrom after the close, as well as economic reports scheduled for release on Wednesday, Nov. 23, which include initial jobless claims and consumer sentiment.
