Stocks rose Wednesday morning after closing slightly below all-time highs a day earlier in one of the final sessions of 2020.

The Dow added more than 100 points, or 0.4%, just after the opening bell. The S&P 500 and Nasdaq each rose about 0.4% as well to close in on their own record levels.

The Dow, S&P 500 and Nasdaq all touched intraday record highs on Tuesday before cutting gains and turning negative. The small-cap Russell 2000 (^RUT) underperformed with a 1.9% drop, unwinding some of its outperformance against its large-cap counterparts for the month-to-date.

Tuesday’s moves lower came after prospects that consumers might receive bigger direct checks to stoke spending appeared to diminish. Though House of Representatives passed a measure to increase stimulus checks

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