Wall Street looks set to extend Tuesday’s reopening rally

Posted on May 27, 2020

Recent hopes for a return to normal consumer habits have pushed the Dow Jones Industrial Average and S&P 500 to touch key market levels for the first time since early March.

Dow futures pointed to an implied open more than 400 points. The S&P 500 and Nasdaq futures also implied solid gains at the open.

Stocks started the holiday-shortened week off strong. On Tuesday, the Dow Jones Industrial Average climbed more than 500 points, or 2.2%. The 30-stock average briefly traded above 25,000, a level not seen since early March.