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Investing.com — U.S. stock markets shrugged off a barrage of downbeat earnings reports to focus on a hoped-for recovery at the opening Tuesday, zeroing in on increased signs of states in the U.S. and Europe and further afield gradually reopening their economies.
By 9:35 AM ET (1335 GMT), the Dow Jones Industrial Average was up 314 points, or 1.3% at a seven-week high of 24,448 points. The S&P 500 was up 1.2% and the Nasdaq Composite was up 0.9%.
The market appeared to give U.S. Inc a pass on a quarter where results largely reflected business before the Covid-19 pandemic struck, and where visibility regarding the rest of the year has dwindled to near zero.
