Stocks finished higher Tuesday as Janet Yellen, President-elect Joe Biden's nominee for treasury secretary, told the Senate Finance Committee that Congress must "act big" on the next coronavirus relief package.
Here are some of the big movers in the stock market on Tuesday:
1. General Motors | Percentage Increase 10%
Microsoft is part of a group of companies that will invest more than $2 billion into Cruise, which now has a valuation of about $30 billion.
2. AMC Entertainment | Percentage Increase 31%
The theater industry has suffered shutdowns or limited audiences due to the coronavirus pandemic.
3. Tencent Music | Percentage Increase 21%
Tencent Music (TME) - Get Report traded higher after the online music platform operator said it had acquired audiobook platform Lazy Audio, owned by Shenzhen Lanren Online Technology, for $417 million.
The deal will be largely paid through cash and Lazy Audio's management team will get post-acquisition equity-settled awards.
4. Aclaris Therapeutics | Percentage Increase 220%
The company said its treatment, ATI-450, was generally well-tolerated, showed no serious adverse events and demonstrated durable clinical activity.
5. Roku | Percentage Increase 6%
Roku is well-positioned as TV viewing increasingly shifts to streaming, the analyst said.