Stocks open higher as investors hope for economic recovery
Stocks are opening modestly higher on Wall Street, despite deepening unrest across the U.S., as investors hope that the gradual lifting of lockdown provisions will help economies recover from the damage caused by the coronavirus outbreak. The S&P 500 rose 0.2% in the first few minutes of trading Tuesday. The gains were led by stocks that would stand to gain the most from a growing economy, including banks and industrial companies. The price of crude oil rose again, which helped energy companies. Markets in Europe and Asia also rose. Bond yields rose slightly, another sign that pessimism was ebbing among investors.