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!
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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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