Stocks rallied Wednesday, adding to a recent hot streak and signaling that investors think the worst of the economic upset from the coronavirus pandemic is over.
The Dow Jones Industrial Average jumped 2.1% Wednesday, and the S&P 500 rose 1.4%, marking its longest winning streak since early February. The S&P 500 performance Wednesday was led by energy, financial, and industrial groups, which have sustained the worst losses in 2020.
The market has largely overlooked the protests that have spread across the country. As states reopen sectors of their economies, markets have regained much of the losses suffered while the number of coronavirus cases was rising