Optimism Over Reopening Pushes Stocks Higher
Posted on AllSides May 26th, 2020
From The Center
Number of experimental vaccines under development also buoys sentiment in markets.
U.S. stocks rose Tuesday on optimism about economies reopening and the potential development of a coronavirus vaccine.
The Dow Jones Industrial Average rose 640 points, or 2.6%, to 25112. The S&P 500 rose 2%, climbing back above 3000 for the first time since early March and above its 200-day moving average, a closely watched barometer of its strength. The technology-heavy Nasdaq Composite rose 1.4%.
Investors were cheering signs of economic activity resuming faster than expected across parts of the...
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