U.S. stock indexes move higher following broad gains in global markets as investors hope that the gradual lifting of coronavirus lockdown mandates will put economies ravaged by the outbreak on the path to recovery.
In this image taken from NASA video NASA astronaut Chris Cassidy, right, rings the opening bell of the New York Stock Exchange as fellow astronauts Robert L. Behnken, left, and Chris Cassidy right, listen Tuesday, June 2, 2020, in the International Space Station.
The modest gains have the S&P 500 on track for a three-day winning streak, extending the benchmark index’s remarkable two-month rally off a steep skid in February and March as broad swaths of the U.S. economy ground to a halt due to the coronavirus pandemic.So far, Wall Street’s momentum has not been derailed by the wave of daily unrest across the U.S. that began last week in Minneapolis as a protest over police brutality.
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.
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