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U.S. stocks traded sharply higher Tuesday afternoon, following a long holiday weekend, as investors were emboldened by fresh coronavirus vaccine news and signs that global economies are slowly starting to crawl back from the pandemic shutdown.
What’s driving the market?
Investors were focusing on positive signs in the global economy, news of the gradual removal of economic restrictions related to COVID-19 and signs that Americans are beginning to feel safe enough to travel and congregate in larger groups.
“It’s all about optimism for the economy reopening,” said Megan Horneman, portfolio strategist at Verdence Capital Advisors. “That’s the big driver for the market today.”
https://www.marketwatch.com/story/d...on-recovery-hopes-and-vaccine-news-2020-05-26
What’s driving the market?
Investors were focusing on positive signs in the global economy, news of the gradual removal of economic restrictions related to COVID-19 and signs that Americans are beginning to feel safe enough to travel and congregate in larger groups.
“It’s all about optimism for the economy reopening,” said Megan Horneman, portfolio strategist at Verdence Capital Advisors. “That’s the big driver for the market today.”
https://www.marketwatch.com/story/d...on-recovery-hopes-and-vaccine-news-2020-05-26