Markets Live Recap: Stocks Surge on Economic Reopening Optimism and a Potential COVID-19 Vaccine
May 26, 2020 at 17:28 PM EDT
The S&P 500 surged over 2% to start the shortened trading week after the long Memorial Day weekend. Early investors were optimistic that economies around the nation are reopening. And the thinking is, that should lead to more sales if consumers feel safe enough to go out and spend. They were also optimistic that a COVID-19 vaccine could soon be discovered. But that optimism could be short lived as a sell-off occurred at the end of trading, which saw the S&P 500 only close 1.2% higher. Here's what our experts - Chris Johnson and Shah Gilani - thought about the early rally and late selling. The post Markets Live Recap: Stocks Surge on Economic Reopening Optimism and a Potential COVID-19 Vaccine appeared first on Money Morning - We Make Investing Profitable . Read more... To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.