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Wall Street Climbs Higher as Investors Show Confidence
Wall Street picked up Monday where it left off at the end of last week with the S&P erasing all its losses for the year and investors confident the economy is coming back to pre-COVID-levels.
The Dow Jones Industrial Average rose 461 points, or nearly 2%. The Nasdaq and the S&P 500 were both 1% higher.
Monday's 39-point gain for the S&P puts it right back in the black, gaining all the ground it lost since the coronavirus outbreak began to be fully felt in March.
Travel-related stocks led Monday's gains on Wall Street, including United Airlines, American Airlines, and Carnival Cruises. The price of leading U.S. retailer, Kohl's, was also 8% higher.
Major European indexes in London, Frankfurt and Paris were all a fraction lower Monday, while major Asian indexes closed on an upswing.
June 09, 2020 at 06:28AM
