S&P 500 and Dow edge higher, Nasdaq jumps 1%

The S&P 500 and Dow edged higher yesterday as investors held out for more U.S. government stimulus, but an escalation in Sino-U.S. tensions over TikTok and disappointing quarterly earnings from Ralph Lauren and AIG capped gains.   The Dow Jones Industrial Average gained 0.7 percent, the S&P 500 rose 0.6 percent and the Nasdaq Composite index jumped one percent up.