Stock Rally Sends S&P Back Into Bullish Territory: Markets Wrap

By Katherine Greifeld and Claire Ballentine

U.S. stocks pushed back into bullish territory on optimism for another round of stimulus and an eventual move toward reopening the economy. The dollar erased its rally and yields on Treasuries eased.

The benchmark S&P 500 Index gained as much as 2.3%, sending the gauge back to 20% over its March 23 low, which tradition says signals a bull market. Anthony Fauci, director of the U.S. National Institute of Allergy and Infectious Diseases, said the start of a turnaround in the fight against the virus could come after this week. President Donald Trump tweeted about reopening soon rather than later.

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