Major stock indexes rose for a second straight day as some states were starting to reopen their economies and activities amid signs the coronavirus pandemic may be slowing.
The S&P 500 was up 1.9% to 2,897.29 during midday trading.
The Dow Jones Industrial Average rose 1.7% to 24,157.14.
The Nasdaq climbed 2.1% to 8,894.64.
The yield on a 10-year Treasury bond jumped 3.1% to 0.657%
The price of gold slid 0.3% to $1,707.80.
The price for a barrel of oil surged 18.4% higher to $24.15.
TECHNOLOGY
Chipmaker Skyworks Solutions Inc. in Irvine (NASDAQ: SWKS) rose 5.8% to $105.39 per share for a market cap of $17.9 billion. Micron Technology executive vice president of global operations Manish Bhatia told Yahoo! finance on Monday that “some demand” for smartphones in China is starting to come back post-coronavirus lockdown.
HEALTHCARE
San Clemente-based ophthalmic medical device maker Glaukos Corp. (NYSE: GKOS) was up 8% to $37.35 a share for a market cap of $1.7 billion, boosted by hospitals in several states resuming elective surgeries as part of the easing of COVID-19 pandemic restrictions. The company plans to release first-quarter financial results on Thursday, and reiterated last month it expects a “significant” near-term impact from the COVID-19 pandemic.
