Stocks rose sharply today as investors bet on a successful economic recovery with more states easing their stay-at-home policies.
Facebook Inc. (NASDAQ: FB) and Amazon.com Inc. (NASDAQ: AMZN) led the way, both closing at new all-time highs.
The Dow was up 1.5%, the S&P 500 closed 1.7% higher, and the Nasdaq rallied 2.1%.
Here's what our experts – Chris Johnson and Shah Gilani – saw live at the open and close of the trading day.
by Alex Kagin
While the market has made quite an amazing rally over the last few weeks, we are not out of the woods yet.
But regardless of where the market goes from here, there is one type of business I can always count on: e-commerce.
And that's especially true in today's world.
In short, e-commerce is saving the day and giving people the ability to stay in their homes.
This is why I am looking to invest in this unstoppable trend with this backdoor play...
Yields are up right now – and that's good news for investors who want to make some income.
With the stock market still down about 14% from its record highs in February, yields have climbed from an average 1.9% in February to 2.4% in April.
Of course, you don't have to settle for just yield.
You can buy stocks with healthy yield and that are climbing higher, so you can get paid to hold it and see your investment grow.
To find those stocks, our Chris Johnson turns to the technicals – otherwise known as the EKG of the market, showing you exactly what's going on.
Investors got another vote of confidence today and bid stocks higher after Dr. Anthony Fauci expressed optimism about a potential coronavirus treatment from Gilead Sciences Inc. (NASDAQ: GILD).
Gilead's Remdesivir drug preliminary results showed at least 50% of patients treated with a five-day dosage improved.
The S&P 500 jumped 2.6%, putting the index on track for its best month since 1974.
At the same time, the curve does not appear to be flattening in the United States yet.
As of yesterday, over 1 million Americans have officially been diagnosed with the coronavirus.
And 32 million Americans are still officially unemployed.
That's approximately 19.5% of the 164.5 million total work force.
The stock market is clearly not representing the economy right now.
Instead, it's being propped up by the government.
Here's what our experts – Chris Johnson, Tom Gentile, and Shah Gilani – thought about today's positive move and where they see stocks moving forward.
The Dow Jones is flat today after the Department of Labor announced 4.4 million more unemployed this week.
The coronavirus pandemic continues to hurt oil prices and create new geopolitical tensions in the United States.
We cover everything hitting the Dow Jones today.
The Dow Jones Industrial Average will react to a Group of Seven meeting today where industrial powers discuss the economic impact of the coronavirus.
But despite global efforts to control the virus, investors fear moment-to-moment swings in the Dow today.
The Dow Jones today is surging ahead of a Phase One trade deal signing between the United States and China.
Also, Russia's government is resigning en masse...
The Dow Jones today is down after President Donald Trump threatened tariffs on China again.
The U.S. Senate also just passed a bill that draws awareness to recent events in Hong Kong. This could ruffle some feathers in Beijing.
The Dow Jones Industrial Average is flat today as the market waits for new trade developments between China and the U.S.
We're also about to enter a busy earnings week for the retail sector.
The Dow has experienced a strong, four-week winning streak as optimism increases around global trade and economic growth.
Here's why the streak may continue in the days to come...
The Dow Jones Industrial Average is flat today as Brexit and the trade war create uncertainty in the global economy.
The Dow projected its first downturn in five days as investors continue to cheer speculation that the United States and China will work on a trade deal in October.
Things also continue to devolve in Britain after Prime Minister Boris Johnson failed to gain support in the Parliament for a snap election.
