Headline Roundup • May 26th, 2020
Stocks Soar Due to Optimism Over Reopening
Stock Market,Coronavirus,Coronavirus Vaccine,Reopening Business,Reopening America,Banking And Finance
Summary from the AllSides News Team
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Washington Post
Stock roared Tuesday coming off the holiday weekend, as the national shutdown continues to unwind, more drug companies chase coronavirus vaccines and the New York Stock Exchange reopened its floor to traders for the first time in two months.
The Dow Jones industrial average shot up nearly 600 points, about 2.3 percent, to push the blue-chip index past the 25,000 threshold. The Standard & Poor’s 500 index was up 57 points, about 1.9 percent, lifting the broader index above 3,000 for the first time since March. The tech-heavy Nasdaq showed...
U.S. equity markets surged to their best levels in months as states continued to reopen and traders returned to the New York Stock Exchange for the first time since shutting down on March 23 to slow the spread of COVID-19.
The Dow Jones Industrial Average rallied more than 600 points, or 2.45 percent, in the opening minutes of trading, while the S&P 500 and the Nasdaq Composite were higher by 2.20 percent and 1.84 percent, respectively. The gains, which propelled both the S&P 500 and the Dow to their highest...
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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