rose on Tuesday amid enthusiasm around the prospect of states reopening the U.S. economy and was headed for its longest daily winning streak since the start of 2020.
A decline in large-cap tech stocks capped the gains for the major indexes. Alphabet fell more than 2% ahead of its latest earnings release, which is set for after the close. Facebook dropped 1.4% while Amazon slid nearly 2%. Netflix shares fell 3.6% to lead the Nasdaq Composite lower by 0.4%. Wall Street was coming off of strong gains on Monday, with the Dow closing above 24,000 for the first time since April 17. Monday's gains put the S&P 500 on pace for its biggest one-month gain since 1987 with an 11.4% surge in April.
"The stock market is increasingly reflecting a restart in the economy as more and more states show a willingness to allow some economic activities to come back online," Jim Paulsen, chief investment strategist at The Leuthold Group told CNBC.
1.4% actually
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks Rally, Dow Rises Over 300 Points As Investors Become More Optimistic About Reopening The EconomyStocks are attempting a fifth straight session of gains. No one is working yet stocks surge. Not good. What when people realize things after reopening ain't sunshine at all lose trust and boy does the stock market plunge again -30% The European Commission estimated the amount of tax evasion in the UE at 2 TRILLION € -Recovering PUBLIC MONEY from tax evasion -Taxes financial transactions -To finance NEW product & organizational MODELS : social ecology-economic democracy EVERYTHING MUST BE RETHOUGHT Meanwhile, rent and mortgage payments are due in a few days, AND 1/3 of Americans missed their rent payments for APRIL...
Source: Forbes - 🏆 394. / 53 Read more »
Stock market live Monday: Dow up 350, retakes 24,000, Gundlach shorting comeback“The markets are bridging to the future.” elerianm said there are 3 issues at play: -When will we fully reopen? -How will we reopen? -Can central banks bridge us to that point? elerianm -Can we convince the minions to go back to their low pay no benefits job? elerianm Ixnay the Central Banks. No longer a part of our new economy or future currency. ByeBye elerianm Unless the fed is paying the bills for 30,000,000 individual Americans the economy is totally F’D. Just wait for the July mortgage apocalypse.
Source: CNBC - 🏆 12. / 72 Read more »
Stock market live updates: Dow futures up 300, hopes of reopening build, oil down againA conversation about the latest market-moving news, including rising hopes of reopening the economy and a slew of corporate earnings. This is getting ridiculous Pretty sure the markets are up because of the 2 trillion I.V the feds currently have on the markets.
Source: CNBC - 🏆 12. / 72 Read more »
A lot of negativity has already been priced into energy stocks, traders sayEnergy is the only S&P 500 sector that finished last week in the green, and traders say it could mean the worst of the weakness is behind the group. TradingNation '...priced in...' TradingNation VXRT is my stock pick. On the rise for sure to come through for covid vaccine.
Source: CNBC - 🏆 12. / 72 Read more »