Stock market news live updates: Stocks rise as investors eye reopening plans
Emily McCormick and Javier E. David
Yahoo FinanceApril 27, 2020, 4:47 PM GMT+1
Stocks advanced Monday as investors mulled a patchwork of state plans to slowly roll back social distancing measures. U.S. crude oil prices renewed their slump after four straight sessions of gains.
Shortly after market open, the Nasdaq composite rose above 8,700 for its highest level since early March. The Dow broke above its 50-day moving average for the first time since February 21.
In the past week, a handful of states primarily in the South announced some businesses and public spaces would begin to reopen with restrictions, kicking off a multi-phase process of easing the social distancing measures that had been in place over the past several weeks. The decisions were met with criticism from some business owners, epidemiologists and politicians who felt the reopenings – coming as the domestic death toll in the U.S. topped 50,000 – were premature.
Source :https://finance.yahoo.com/news/stock-market-news-live-april-27-2020-221442561.html
Emily McCormick and Javier E. David
Yahoo FinanceApril 27, 2020, 4:47 PM GMT+1
Stocks advanced Monday as investors mulled a patchwork of state plans to slowly roll back social distancing measures. U.S. crude oil prices renewed their slump after four straight sessions of gains.
Shortly after market open, the Nasdaq composite rose above 8,700 for its highest level since early March. The Dow broke above its 50-day moving average for the first time since February 21.
In the past week, a handful of states primarily in the South announced some businesses and public spaces would begin to reopen with restrictions, kicking off a multi-phase process of easing the social distancing measures that had been in place over the past several weeks. The decisions were met with criticism from some business owners, epidemiologists and politicians who felt the reopenings – coming as the domestic death toll in the U.S. topped 50,000 – were premature.
Source :https://finance.yahoo.com/news/stock-market-news-live-april-27-2020-221442561.html
