NewsWatch: Dow soars 650 points on recovery hopes and vaccine news

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MARKETWATCH FRONT PAGE

U.S. stocks surge Tuesday, with investors set to return from the long Memorial Day weekend. News that human trials have begun for a potential coronavirus vaccine cheered investors. See full story.

The No. 1 thing Americans are spending their stimulus checks on — even more than shopping at Costco, Walmart and Target

‘Americans are aware of how grim the near future could be.’ See full story.

‘It’s time for China to blink first,’ says Rep. Sherman, who leads the drive to delist China stocks

Sherman says that the time has long passed for Washington to force Chinese companies to provide the same investor protections that U.S. companies have for decades. See full story.

No, America’s billionaires didn’t get $434 billion richer during the pandemic — quite the opposite, in fact

A study says America’s billionaires gained $434 billion in wealth during the crisis. A more sensible way of looking at the numbers show they lost nearly that much. See full story.

Here’s why Warren Buffett made a huge mistake selling his airline stocks

Industry insiders at these airlines are buying up shares of their companies. See full story.

MARKETWATCH PERSONAL FINANCE

Home builders have an opportunity to see improved sales by shifting their designs to meet buyers’ new preferences in a post-coronavirus world. See full story.