Stocks were mostly higher on Tuesday, drifting to the upside as traders weighed concerns over the Delta variant’s latest spread against optimism over an ongoing rebound in economic activity.

The S&P 500 and Dow each eked out record intraday highs, while the Nasdaq dipped. A day earlier, both the S&P 500 and Dow sank, dragged down by energy stocks amid concerns over reinstated travel restrictions in China due to rising coronavirus infections. Investors on Tuesday eyed the passage of a sweeping $1 trillion infrastructure bill by the U.S. Senate, with the legislation to rebuild roads, bridges and other physical infrastructure across the country now headed to the House of Representatives. 

U.S. West Texas intermediate crude oil futures (CL=F) advanced Tuesday to recover after reaching a three-week low on Monday. Treasury yields rose across the curve, and the benchmark 10-year yield broke above 1.34%. 

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