Dow surges 500 points on optimism around US economic reopening plan - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.All three US equity indexes surged on Friday as the White House's plan for an economic reopening lifted investor sentiments.'s coronavirus treatment trials offered new optimism around an effective drug arriving sooner than expected.

The market is on pace to close with its second straight week of gains, despite economic data pointing to a deep economic recession.US stocks soared on Friday, putting the market on pace for its second consecutive week of gains, even as the coronavirus pandemic spurs recession fears.plan for an economic reopening

. The Trump administration announced Thursday night its guidelines for bringing the national economy back online after weeks of business closures and work-from-home activity. The plan focuses on a three-step process for relaxing quarantine orders and calls on governors to adjust the process so it best suits their state's condition.

"Even if you are in phase one, two, three, it's not, OK, game over — it's going to be a way that we protect ourselves," said Dr. Anthony Fauci, the nation's leading infectious-disease expert.

Irrational exuberance.

It's 'Ye OIde Pump'n'dump.' The economy and market were ready for a fall before COVID (3 FED rate reductions in 2019). Sadly, many billionaires didn't get out in time. Now they're going to pump it up and dump their shares at less of a loss.

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