Investors looked past civil unrest around the country and focused on the reopening of the economy from the coronavirus pandemic.Posted on June 2, 2020
Futures on the Dow Jones Industrial Average implied an opening gain of about 200 points. Dow futures gained 182 points, or 0.7%. S&P 500 futures gained 0.6%. Nasdaq-100 futures added 0.6%
Stocks tied to the reopening of states led the gains once again in premarket trading. American Airlines, United Airlines and Southwest all added more than 3%. Gap and Kohl’s shares gained about 2%. Cruise lines were also higher.
Other markets pointed to optimism about the country reopening from the widespread mandated shutdowns due to the coronavirus. Oil added 2.7%. Treasury yields were higher.