The Dow Jones Industrial Average was up 0.2%, over 50 points, on Tuesday, while the S&P 500 was up 0.7% and the tech-heavy Nasdaq Composite gained 0.9%.Tuesday’s session comes amid a backdrop of increasing coronavirus cases across the country, with record numbers of new infections forcing many states in the South and West to walk back or delay reopening plans.
The nation’s three most populous states—Texas, Florida and California—are among those backtracking their reopening processes, closing beaches and bars in some cases. Shares of companies that would benefit from a reopening of the economy—including airlines, cruise stocks and some retailers—continued to decline on Tuesday.on Tuesday, effectively reducing the city’s autonomy from the mainland.