Tuesday 5 May 2020

U.S. equity markets rose Tuesday as plans to reopen parts of the country, including California, gained momentum.

  • U.S. equity markets rose Tuesday as plans to reopen parts of the country, including California, gained momentum.

    U.S. equity markets climbed Tuesday as plans to reopen parts of the country gained momentum. The Dow Jones Industrial Average climbed 232 points, or 0.98 percent, in the opening minutes of trading while the S&P 500 and the Nasdaq Composite rose 1.01 percent and 1.12 percent, respectively. California, which has imposed some of the strictest shelter-in-place measures, will move into Stage 2 of its reopening plan by the end of the week, allowing for retail, manufacturing and other "low-risk" businesses to unlock their doors, Gov. Gavin Newsom announced at a Monday evening press conference. The relaxation in rules won't apply to the San Francisco Bay area.

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