Stock prices rose sharply on Wednesday morning at the start of transactions in the Stock Exchange of New York, amid investor optimism about an economic recovery. Read: Gasoline and diesel prices in Mexico today Wednesday May 20, 2020
Facebook, Apple and Amazon contributed to the morning rise.
The S&P 500 index grew 1.4% at the beginning of the day, more than what it dropped the day before.
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Target reported that its online sales more than doubled in the first quarter of the year, At a time when the vast majority of people are confined to their homes and dependent on home delivery, markets in Europe and Asia also rose. Oil prices were up 3%. Bond prices were stable.
Wall Street opened on Wednesday in green and its main indicator, the Dow Jones Industrials, registered gains of 1.22% in an opening marked by the positive perspectives of investors regarding the progressive returns to normality in many of the US states and the lack of significant regrowths of COVID-19 in those places where reopens have occurred.
Five minutes after the start of operations on the New York Stock Exchange, the Dow Jones advanced 294.50 points and stood at 24,501.36 integers, especially boosted by large listed companies such as Dow Inc (3.33%) and JPMorgan Chase ( 3.25%).