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The Dow hit its highest level since March 6 in Tuesday's session. Shares of stocks positioned to benefit from the economy reopening rose in premarket trading on Tuesday. That would put the broader-market index close to its day average of 2, Breaking above that level could signal a change in the market's long-term trend from bearish to bullish. The Russell is up 6. One danger point is when corporate officers a month from now start releasing their second-half outlooks, particularly if they say the rebound from the sharp coronavirus-induced downturn won't be as sharp as stocks are indicating. In yet another sign of economic recovery, new home sales rose , in April, compared with the expected ,, according to estimates from Dow Jones. Macy's reopened 68 stores on May 4 and is gradually opening others. Investors also cheered strong home sales data on Tuesday, a sign that banks could see a rebound in profits with more loans and fees associated with the housing market.

Stocks started the visit web page week on a high note, building on recent strength.

All Rights Reserved. Get this delivered to your inbox, and more info about our products and services. An Apple representative told CNBC the tech giant is opening about more stores in the United States dow jones casino index companies week, focusing on curbside service. Stocks began the holiday-shortened week on a high note, with gains right out of the gate on Tuesday.

The Nasdaq is up 5. The Nasdaq Composite lagged with a 0. The Dow Jones Industrial Average rose points, or 2.

Click here for more. Banks had been one of the hardest-hit sectors amid the pandemic as investors feared the economic downturn would crush profitability and result in rising loan losses.

Retailers and restaurant companies also jumped, with hopes consumers will return to their stores and dining rooms. Banks had been one of the most beaten down sectors amid the coronvairus pandemic on profitability concerns and rising loan losses.

The see more reached a "panic" low that coincided almost perfectly with the plunge to the March 23 bottom and was a great opportunity to buy.

West Texas Intermediatethe U. Dimon made his comment while responding to a question about JPMorgan's valuation. The Russell gained 2. WTI gained 79 cents on Tuesday, or 2.

On the medical front, Novamax said it has started a human study of its vaccine, while Merck added that it is in collaboration with scientific research organization IAVI dow jones casino index companies develop a potential vaccine.

The City Composite rose 3. About 15 stocks traded higher at the New York Stock Exchange for every decliner in early trading as the broader market rallied.

Wall Street latched onto more positive news Tuesday on the coronavirus front, with progress made both on the reopening of several states and progress made towards a vaccine.

Home prices in the U. Stocks that would benefit from the reopening of the economy led the sharp gains. The protections that we put in place have been designed to prevent an outbreak so that the likelihood of an infection passing around the floor is greatly diminished," Cunningham said.

The major averages were on pace to notch sharp gains with one hour left of trading amid optimism around the U. The Nasdaq Composite gained 16 points, 0. All major averages are coming off a positive week -- the Dow's best since early April -- as investors have cheered economies reopening, as well as a potential Covid vaccine.

Investors pay close attention when Dimon speaks about his bank's valuation or makes changes to his JPMorgan holdings. Southwest rallied 6. All major averages are coming off a positive week โ€” the Dow's best since early April โ€” as investors have cheered economies reopening, as well as a potential Covid vaccine.

Zoom In Icon Arrows pointing outwards. In response to dow jones casino index companies the floor of the NYSE would close again if a worker tested positive, Cunningham said the measures โ€” which include temperature checks and mandatory mask-wearing โ€” were designed to prevent outbreaks.

Futures popped on the combination of positive news and pointed to a point in dow jones casino index companies Dow two hours before the market open. The Nasdaq Composite rose just 0. The major averages traded sharply higher on Tuesday as investors added to bets for click at this page potential coronavirus vaccine while cheering the reopening of the economy.

Data also provided by. Stocks could finish the year higher even after the market's massive drop earlier inif history is any indication.

The firm's strategists think that could be a mistake. The stock benchmark had crossed 25, during Tuesday's session. UBS downgraded Halliburton to sell from neutral.

International benchmark Brent crude rose 1. Cruise lines Carnival and Norwegian Cruise Line rose 9. Darden Restaurants โ€” Shares of restaurant stocks rallied on Tuesday on hopes the economy reopening will bring consumers back to dining rooms. The company's stock has risen 0. The potential actions could include freezing assets of Chinese officials and companies for implementing a national security law that will bypass the legislature in Hong Kong, Bloomberg News said, adding no decisions has been made yet. Here's what happened:. Apple stores open by the end of the week. As stocks soared on Tuesday, President Donald Trump took to twitter to comment on the move. Select traders and personnel returned to the New York Stock Exchange floor on Tuesday for the first time since March NYSE President Stacey Cunningham said repeatedly during the intervening period that the floor would reopen as soon as it was safe to do so, arguing that the in-person experience made trading more efficient. This was an increase from the 4. There will be ups and downs, but next year will be one of the best ever! The Dow Jones Industrial Average jumped more than points, closing points below the 25, threshold. As is common with sentiment indicators, they mostly work as contrarian signs. The Dow gained points, 2. Markets Pre-Markets U. TJX Companies rose 2. UBS upgraded Southwest Airlines to buy from neutral. Citigroup's widely followed investor sentiment model is showing optimism at its highest level in a year. Trump, who has been in favor of businesses getting back up and running, added that "states should open up ASAP. UBS also said that the company has the clearest balance sheet restoration and fundamental valuation among the group. This compares with 4, points in April, and 8, and 4, points in March and February, respectively. Stocks pared gains following the news in the final minutes of trading on Tuesday. Traders cheered as New York Governor Andrew Cuomo rang the opening bell ahead of his daily press briefing. Skip Navigation. By historical standards, however, May's 2,point move would be considered exceptional. Sign up for free newsletters and get more CNBC delivered to your inbox. The City composite increased 3. In January, for instance, before Covid lockdowns halted economies worldwide, the Dow traveled 1, points. The Dow jumped more than points, or 2. SunTrust upgraded Gilead to hold from sell. The market registered solid gains on Tuesday on hopes of a successful economic reopening and a potential coronavirus vaccine. Testing also accelerated, with nearly , reported Monday and a new low of 3. While we continue to work through our excess inventory, we expect that gross margins in fiscal relative to the prior fiscal year will be lowest in the second quarter, with sequential improvement going forward," the memo said. The move, which includes locations in 21 states , will bring the total to out of U. But the present "euphoria" level could be an opposite indicator. Home prices continue to increase at a modest rate across the U. At the same time, New Jersey continued its steps forward, reopening its beaches over the Memorial Day weekend largely without incident. Health care was the worst performer, down 0. Wells Fargo upgraded Regeneron to overweight from equal weight. The Dow is up 2. New York Stock Exchange President Stacey Cunningham said on "Squawk on the Street" that she does not expect the protections put in place for workers at the exchange to prevent all infections. Department store chain Macy's said in a memo for its new bond offering that it is seeing a stronger rebound in customers at its reopened stores than it had been anticipating. Last week, Southwest said that new bookings began to outpace cancellations. Canaccord strategist Tony Dwyer expects a "relative bounce" in "value, banks and tanks industrials " as the economy continues to reopen. Somebody may be exposed outside of this building, show up here and we find out that they tested positive. Merck announced on Tuesday morning that it has two potential Covid vaccines that will begin human trials, and Cantor Fitzgerald believes the company's expertise positions it well going forward. The range this month for the Dow has been roughly 2, points. With just a few trading days left in May, the month is shaping up to be a relatively calm one for stocks by recent standards. The NYSE was closed for the longest period of time on record.