Major indexes rose on news that state governors were looking into ways to gradually reopen their local economies while dealing with the coronavirus pandemic.
The S&P 500 was up 2.6% to 2,834.06 during midday trading.
The Dow Jones Industrial Average rose 2.2% to $23,901.00
The Nasdaq climbed 3.7% to 8,493.07.
The yield on a 10-year Treasury bond fell 1.7% to 0.738%.
The price of gold increased 0.3% to $1,767.
The price for a barrel of oil plunged 7.5% to $20.73.
RESTAURANTS
Fast-casual restaurant chain Chipotle Mexican Grill Inc. (NYSE: CMG) in Newport Beach rose 5.6% to $785.58 a share for a market cap of $21.8 billion on expectations that some of the coronavirus pandemic social restrictions would gradually be lifted in the coming months.
TECHNOLOGY
Data analytics software company Alteryx Inc. (NYSE: AYX) in Irvine rose 11% to $121.45 a share for a market cap of $8 billion. Research website Simply Wall St. said earlier in the day that “top performers like Alteryx have been known to go on winning for decades.”
