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Coronavirus: Apple, Tesla among stocks rising on reopening hopes

Coronavirus: Apple, Tesla among stocks rising on reopening hopes

4 years ago
Anonymous $-9GJQVHNr8

https://www.siliconvalley.com/2020/05/26/coronavirus-apple-tesla-among-stocks-rising-on-reopening-hopes/

As investors came back from the Memorial Day weekend Tuesday, shares of Bay Area companies such as Apple, Tesla and Cisco Systems rose amid broad enthusiasm for efforts to reopen the U.S. economy and another potential coronavirus vaccine.

The Dow Jones Industrial Average climbed by almost 650 points, or 2.6%, to 25,111.81, while the tech-heavy Nasdaq Composite Index rose by 1.2%, to 9,438.21. The broad-based S&P 500 rose by almost 2%, to 3,014.01, and get above the 3,000 point mark for the first time since March 5.

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