NEW YORK: Wall Street stocks finished higher on Monday , shrugging off early weakness and a big drop in airline shares as Florida joined the ranks of US states reopening their economy.
Investors have been encouraged by moves in several large states to gingerly reopen for business following coronavirus closures, generally employing social distancing measures, stepped-up sanitation practices and mask requirements at stores. Public health data shows a leveling off of cases in hot spots such as New York and New Orleans, but the US as a whole continues to log more cases and some health experts expect the current US death-toll of 68,000 to hit 100,000 in June.This week's calendar includes earnings from General Motors, Disney and others, as well as what is expected to be a devastating April jobs report.
The focus is on"how is the reopening is going and how does that juxtapose against the new cases and the trends there," Hogan said.