There has been increasing hope of a successful reopening of the economy as U.S. stocks began to rise at the beginning of June. The Dow gained 91.91 points (0.4%), S&P climbed 0.4% and Nasdaq added 0.7%. Many of these were at levels not seen since the beginning of March. The market displayed remarkable resilience giving investors positive signs of reopening.
Reasons for such positive outlooks were due to the rises in certain companies that linked to the economy reopening.
Hilton Worldwide - 3.3%
Carnival, Norwegian and Royal Caribbean Cruise Lines - 6.7%
Marriott International - 7.4%
American Airlines - 5.8%
Delta - 3.8%
United - 5.1%
(However there was a 7.2% drop in Pfizer)
Other things in consideration of the economy coming back were monitoring the states with the new month, both negative and positive lights. States continued to reopen after closing several nonessential businesses.
There were rising tensions between U.S. president Donald Trump and China.
