One could have thought investors would be worried about increased jobless numbers…
But I guess with the money tap open for business with the Phase III stimulus law and Congress already talking about M ORE taxpayer money getting thrown at businesses, banks and financial corporation?
They should go bargain hunting….
Stocks rose on Monday, building on a strong rally from last week as the U.S. extended measures to contain the coronavirus outbreak.
The Dow Jones Industrial Average was up 690.70 points, or 3.2%, at 22,327.48. The S&P 500 climbed 3.4% to 2,626.65 while the Nasdaq Composite closed 3.6% higher at 7,774.15. Tech stocks such as Microsoft, Alphabet and Amazon led the way higher for Wall Street. Microsoft jumped 7% while Alphabet and Amazon climbed 3.3% and 3.4%, respectively.
The Dow is now up 20% from its coronavirus sell-off low reached on Monday while the S&P 500 has risen more than 17% from those levels. The Nasdaq has bounced more than 13%….