The S&P 500 erased all of its 2020 losses on Monday as investors continued their bullishness on the reopening of the economy.
The S&P 500 closed 1.2% higher, the Dow jumped 1.7%, and the Nasdaq was up 1.1%.
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Dow Jones Industrial Average Jumps as Airline Stocks Take Off Again
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The Dow Jones Industrial Average continues to rally on the economy's reopening.
Airlines, retail stocks, and cruise lines pressed higher on optimism that the economy will experience a V-shaped recovery.
Read on for more of what's moving the Dow Jones today...
Is Now a Good Time to Buy Airline Stocks?
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Airlines were some of the hardest-hit stocks during the bear market brought about by the coronavirus.
In fact, the Dow Jones U.S. Airline Index is still down 60.0% today from its Feb. 12 closing high.
Even worse, last week's low was below the initial panic low in March.
In other words, the broad market's rebound happened without any help from airlines at all.
So is it a good time to buy airline stocks?
Money Morning's Capital Wave strategist Shah Guilani says it's "up in the air" in a bad way.
3 Key Takeaways from Warren Buffett's Annual Shareholder Meeting
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Over the weekend, Warren Buffett hosted the annual Berkshire Hathaway (NYSE: BRK.A) shareholders meeting.
The so-called "Woodstock for Capitalists" featured a few surprise revelations from the Oracle of Omaha.
Buffett, who has been at the helm of the company since 1970, expressed optimism over the long-term outlook of the U.S. economy.
"Nothing can basically stop America," Buffett quipped.
But if you dig through the transcript or listen closely to the full video of the event, you can't help but notice that Buffett was less optimistic about the near-term conditions and more realistic about the challenges that we face in the months and years ahead.
Here are the three most important takeaways of the 2020 Berkshire Hathaway Annual Shareholder Meeting.
Dow Jones Slumps on Latest Coronavirus Numbers
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The Dow Jones today is down after the World Health Organization reported 2,909 COVID-19 deaths in the U.S. between Thursday and Friday.
That's the deadliest 24 hours yet for the U.S. during the pandemic.
At the same time, states are announcing measures to slowly reopen the economy.
We'll talk more about that below.
Here's everything moving the Dow today.
We Bust COVID Myths - and Show You How the "Real Story" Can Make You Money
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Ever since it became clear that COVID-19 was spreading across the globe, there's been another pandemic proliferating in its wake.
This "other" pandemic isn't immediately visible to the naked eye.
It's not grabbing as many headlines.
But it's everywhere.
And it's dangerous.
Very dangerous…
I'm talking about the pandemic of misinformation, conspiracy theories, and outright lies about COVID-19.
With our world being turned upside down and scientists still searching for responses to this brand-new virus, regular folks like us are searching for answers.
And there are plenty of people in "the media" and out there in the online sphere who are only too happy to provide their half-baked guesses as "answers."
But to protect yourself, your family, and your economic wellbeing, you need to know what's really going on.
So today, let's close that Reality Gap between what half-baked pundits, self-important voices, and self-serving politicians are saying, and what we really know.
I've asked myself why I should weigh in and if I felt comfortable doing so. I answered that question by considering that – as a trained chemical engineer who was awarded the highest level of licensing – I have the credentials and the experience to sort through the scientific noise, to separate some of the signals from the noise, and to understand how these insights can be applied.
And to help make sure I'm bringing you all the "full story," I've also leaned on experts credentialed in science, medicine, risk analysis, and crisis management.
Here's what's being said about the COVID-19 pandemic. And here's what's actually true about it… Full Story
The Dow Jones Ticks Higher on Small Rebound in Crude Oil Prices
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The Dow Jones may correct slightly today as oil prices rebound from their historic collapse to negative territory.
A round of earnings reports could also provide a little spark.
But the impact of coronavirus continues to weigh heavy on the U.S. economy.
Here’s everything moving the Dow Jones today.
Markets Live Recap: Our Experts Cover Earnings Season, Airlines, Gold, Oil, and Amazon
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The markets were met with more selling this morning as investors continue hedging the uncertainty brought by the coronavirus.
There have been discussions of re-opening the economy, but nobody can be sure when this will happen or how long it will take to get back to full capacity.
To help you navigate these unprecedented times, we're going live every day the markets are open.
Our experts – Chris Johnson, Tom Gentile, D.R. Barton, Jr., and Shah Gilani – are each taking time out of their busy days to show you exactly what they're seeing in the markets in real time.
They will even answer your questions live, on air.
Here's what they covered today, Monday, April 13...
What Warren Buffett May Be Planning with Airline Stocks
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The ongoing pandemic has shutdown multiple sectors in the economy.
But no sector has taken a harder hit than airline companies.
Perhaps the most surprising news around airlines came from famed investor Warren Buffett.
His firm Berkshire Hathaway (NYSE: BRK.A) has long been a holder of airline stocks given their steady demand and reliable cash flow streams.
According to GuruFocus, Berkshire may have lost up to $5.3 billion on its stakes in airline companies.
So, what is Buffett's plan with airline stocks for the road ahead?
Markets Live Recap: Here's What Our Experts Are Seeing in Stocks, Bonds, Currencies, and Commodities
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During our markets live segments today, April 8, our experts covered it all: stocks, bonds, currencies, and commodities.
So, if you own any of those things… You're going to want to pay close attention.
If you're able to watch live, you can execute the same trades before the majority of the market catches on.
You see, the coronavirus crisis has many second and third layer "knock-on effects," which are affecting all industries – not just restaurants, airlines, cruises, and the other typical industries everyone knows has issues now.
It's also changing the way the world looks at fiat currencies, gold, oil and bonds.
Based on that, here's how our experts – Chris Johnson, Tom Gentile, D.R. Barton, Jr., and Shah Gilani – see as the best way to position for profit today.
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