The trading floor reopens at the New York Stock Exchange after an unprecedented two-month hiatus. The Dow is up 600 points on big hopes for a vaccine and the economy's reopening.
The Dow rocketed 580 points, or 2.4%, higher and the broader stock market rallied -- boosted by optimism about the continued reopening of the economy and a new potential coronavirus vaccine. The Dow climbed above 25,000 points, a level it hasn't closed at since March 10.The S&P 500 , which is the broadest measure of Wall Street, traded 1.9% higher and climbed above 3,000 points. It hasn't closed higher than 3,000 points since early March. The Nasdaq Composite was up 1.5%.
floor trading closed May 18 as the city shut down to limit the spread of coronavirus. It was the first time that the New York stock market operated entirely electronically. Read MoreThe economy has been decimated by stay-at-home orders that forced businesses to close, put millions of people out of work and sent stocks tumbling into a bear market. Although the economy remains in the toilet, investors have decided to wear their rose-colored glasses lately.
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