Stocks Rise for Third Day on Outlook for Reopening: Markets Wrap
- European equities extend winning streak on signs of support
- Dollar falls for fourth straight day; Treasuries edge lower
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U.S. stocks rose alongside equities in Europe and Asia amid new bouts of stimulus and positive economic signals as coronavirus lockdowns ease. The dollar slumped for a fourth consecutive day.
Two shares rose on the S&P 500 Index for every one that fell, lifting the benchmark to its highest since March 4. Gunmakers extended rallies in the wake of President Donald Trump’s promise to deploy large numbers of troops if cities and states don’t act to contain violence from protests over police brutality.