Bloomberg: The 90%-plus up day is also back for stocks. About 94% of the S&P 500 is rising today, the most since March 24 -- the day after the recent market bottom. Investors are in a buy-everything mode on hopes that lockdowns are easing and a virus vaccine is on the way.
Gains are being led by battered cyclical stocks: autos, energy, transport, banks. United Airlines and Royal Caribbean are surging over 13%. More haven stocks like tech and consumer staples are lagging. It’s too early to call more 90% up days, but optimism is clearly on the rise.
Gains are being led by battered cyclical stocks: autos, energy, transport, banks. United Airlines and Royal Caribbean are surging over 13%. More haven stocks like tech and consumer staples are lagging. It’s too early to call more 90% up days, but optimism is clearly on the rise.