MARKET OPEN: Wall Street rally may spill over to domestic market

Wed, 27 May 2020

Hope of a faster recovery and more optimism about a covid-19 vaccine spurred a rally on Wall Street that may spill over to the domestic market. The S&P 500 was up 1.2 percent at 8am in Wellington, the Dow Jones Industrial Average was up 2.2 percent and the Nasdaq increased 0.2 percent. Investors were cheered as US states are gradually returning to normal. News that Apple Inc will reopen dozens of stores, reports that Americans are slowly returning to restaurants, along with the fact that the New York Stock Exchange trading floor partially...

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