Reuters US stocks surged through Tuesday trading as investors' optimism toward economic reopenings overshadowed flaring US-China tensions. The S&P 500 for the first time since early March broke through 3,000, a key threshold for the market's weekslong rally. The White House said on Sunday that it would likely sanction China if the country implemented a controversial national-security law in Hong Kong, further escalating stresses between the economic giants. West Texas Intermediate crude oil bounced as much as 4.7%, to $34.81 per barrel. Watch major indexes update live here. US stocks leaped on Tuesday as investors mulled economic reopenings and new US-China tensions. States continued to relax lockdown measures through Memorial Day weekend, ushering in a new test for markets battered by the coronavirus pandemic.
Dow Leaps 530 Points As Hopes For A Smooth Reopening Gain Traction
bwinck@businessinsider.com (Ben Winck), Business Insider
Tue, 05/26/2020 - 1:04pm
Topics: reuters the s&p march the white house hong kong west texas intermediate states memorial day united airlines carnival mgm resorts six flags june business insidernow watch bank of america secretary mnuchin senate china us us-china watch dow reopening gain economic stocks tuesday tensions investors
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