Traders work at the New York Stock Exchange (© Xinhua/Wang Ying) (Photo by Xinhua/Sipa USA)
U.S.-NEW YORK-STOCKS
NEW YORK (AP) — The S&P 500 was up 0.5% in the first few minutes of trading Monday, bringing it back within 5.2% of its record set in February. Optimism is strengthening that the worst of the coronavirus-induced recession may have already passed after a surprisingly encouraging report on the U.S. jobs market on Friday. States across the country and even New York City are beginning to gradually reopen their economies. Investors will be watching reports this week to see if Friday’s jobs report was a true inflection point in the economy’s long road back to a full recovery or just an aberration.
Stocks rally out of the gate on Monday, as the major averages look to extend last week’s gains.
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— CNBC (@CNBC) June 8, 2020
