Benchmarks rose in
The gains also tracked a modest advance on
Hopes for a quick recovery from the worst global downturn since the 1930s have helped spur buying. But
“How long can markets remain buoyant?” he asked. “The honest answer, and one that may save you five minutes is, ‘I don’t know’ ”
The protests that have rocked American cities for days have so far not had much impact on financial markets. But the violence and damage to property may hinder the re-opening of the economy. Crowds gathering to protest injustice and racism also could touch off more outbreaks.
“The market has been expecting a springtime for economic activity,” said
The Dow Jones Industrial Average gained 0.4% to 25,475.02. The Nasdaq composite climbed 0.7% to 9,552.05 and the Russell 2000 index picked up 0.8% to 1,405.37.
The stock market is coming off its second month of solid gains. Stocks have now recouped most of their losses after the initial economic fallout from the coronavirus knocked the market into a breathtaking 34% skid in February and March. The S&P 500 is now down just under 10% from its all-time high in February.
“I think we are through the worst of it for sure, and the markets reflect that in the bounce we’ve seen,” said
This week will provide market watchers more insight on the impact that the coronavirus is having on
The yield on the 10-year
AP Business Writers