The Dow Jones Industrial Average rose for a third dayPosted on May 28, 2020
Stocks that would benefit from the economy reopening rose on Thursday. JPMorgan Chase, Citigroup, Wells Fargo and Bank of America all gained more than 1% in the premarket. MGM Resorts and Hilton Worldwide traded marginally higher. Dollar Tree popped more than 10% on the back of stronger-than-forecast quarterly numbers.
Shares of companies that rose on the back of stricter stay-at-home orders fell. Netflix declined by more than 1% while Zoom Video slid 1.8%. Shopify shares dipped 2.6% while Amazon lost 1.1%.