US stocks rally on hopes for vaccine and economic recovery

The Dow Jones Industrial Average gained 963 points, or 4.1%, to 24,649. The Nasdaq composite climbed 2.7%. Small-company stocks fared better than the rest of the market. The Russell 2000 index rose 5.8%.

Traders are also encouraged that, so far at least, there hasn’t been a lot of data implying the reopening of the economy is going to lead to a resurgence in the number of COVID-19 cases, said Sam Stovall, chief investment strategist at CFRA. Benchmark U.S. crude oil for June delivery jumped 8.1% to settle at $31.82 a barrel. July Brent crude oil, the international standard, vaulted 7.1% to $34.81 a barrel.

May got off to a downbeat start as investors balance cautious optimism of a recovery as economies around the world slowly open up again against worries that the moves could lead to another surge in coronavirus infections and more economic uncertainty. But Monday’s strong start to the week reversed all of the market’s losses so far this month.

Europe has been taking steps to reopen its economy more widely, and so far, new infections and deaths have slowed considerably across the continent. Some countries there started easing lockdowns a month ago and even the harshest shutdowns — such as those in Italy and Spain — have loosened significantly.In his interview with CBS’s “60 Minutes,” Powell said the U.S. economy was fundamentally healthy before the virus forced widespread business shutdowns and tens of millions of layoffs.

This is nuts. Where is the independent research that proves the efficacy and safety of this or any other vaccine?

Hope they are being careful. My grandmother's 2nd husband died from the swine flu vaccine in 1976.

Fake news. It is soaring despite vaccine non sense

How is the stock market going up? How oblivious!

The dead don't have a choice only the living If you're serious about your well-being, there's a remedy for the sick ones God Healing Oil, A Healing balm for coronavirus and other deadly diseases Truth is rare, believe it when you see it Kindly Dm if you are ready for the cure

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Fake Indexes diguising the economic disasters around the world.

Stonks are up!

Thank goodness. The Billionaires will make it 🙄

what a fucking joke this country is....stock market moves higher with false hopes from a crooked admin and the rest of the country is broke and sick.

Fickle Finger of Fate

NOPE

The World is grinding to a halt and Wall Street is faking what's actually happening around the world.

Wall Street is telling you 'Badfinger' Biden and whatever affirmative action VP he picks, will NEVER be elected.

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U.S. Stocks Rally After Worst Week in Almost Two MonthsU.S. stocks rallied amid hopeful news around a potential coronavirus vaccine developed by Moderna, suggesting that shares may recover ground following their biggest weekly percentage drop in nearly two months. The Dow rose about 700 points. 💉💉💉💉💉💉💉💉💉💉💉💉💉💉💉💉🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳🇨🇳 Anyone else think this is utter shit. No, 'markets' rally because of orgy of money printing from FED et al. The biggest, fattest, ugliest bubble in history of mankind. END THE FED END THE IRS RESET THE PONZI
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Asia Pacific stocks set to open mixed; Fed Chair Powell assesses prospects of U.S. economic recoveryU.S. Federal Reserve Chairman Jerome Powell said the economy stateside may need a coronavirus vaccine to fully recover.
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