That optimism helped push the safe haven dollar to its lowest since April 2018.

While all three major Wall Street indexes were up in morning trade, Boosting sentiment was Britain's approval of the emergency use of AstraZeneca and Oxford universities Covad 19 vaccine, which will start being administered on Monday.

Do we turn our backs on struggling, working families?

But tempering optimism was the back and forth in Washington over the size of stimulus checks to Americans.

Object objection Is heard Senate Majority Leader Mitch McConnell on Tuesday blocked a quick vote to back President Donald Trump's call to increase Cove in 19 relief checks from $600 to $2000.

The move resulted in Wall Street's main indexes falling from intraday record highs.

Still, the S and P 500 has bounced back nearly 70% since it bottomed in March, thanks to trillions of dollars in stimulus and progress in developing vaccines.

Technology companies such as Apple and Amazon powered much of this year's gains but have taken a back seat in recent weeks as investors buy into beaten down economically sensitive stocks such as travel stocks, hoping that a recovery will make those companies winners in 2021.