Wall Street staged another rally as investors saw more positive signs coming from the coronavirus pandemic. New York State reported that COVID-19 related deaths have been leveling and hospitalization rates are lowering, supporting that social distancing measures are working in the highly impacted state. Some states have even begun planning their reopening strategies as the nation continues its business closures and social restrictions.
All three stock benchmarks rose during Tuesday's session, with Amazon
Early earnings reported by J.P. Morgan
Here's how the market closed after Tuesday's session:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
In Major Stock News, Boeing
In Stock Sector News, almost every sector joined in Tuesday's rally, with Energy -0.46% being the only one lagging behind. The performance gains were as follows: Consumer Staples +4.23%, Consumer Discretionary +4.19%, Information Technology +4.17%, Health Care +3.31%, Real Estate +3.26%, Communication Services +3.23%, Utilities +2.97%, Industrials +1.89%, Materials +1.15% and Financials +0.33%.
In Commodity and Currency News, crude oil prices slumped on Tuesday as many fear the supply cuts will not fix the devastating fall in demand. West Texas Intermediate