Stocks rise on hope of economy reopening [USA TODAY]
Meta Platforms, Inc. - Class A (FB)
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Source: USA TODAY
CLOSEThe coronavirus (COVID-19) is impacting the global economy and raising fears of a recession. What causes a recession and what are the signs?USA TODAYCONNECTTWEETLINKEDINEMAILMOREU.S. stocks extended gains Tuesday on optimism about the prospect of businesses reopening as some states look to relax shutdown restrictions from the coronavirus pandemic.The Dow Jones Industrial Average climbed 230 points, putting the blue-chip average on track for five consecutive days of gains. The Standard & Poor’s 500 rose 1%. Both averages are within 20% of their February records after slumping into a bear market in March.Companies are watching as politicians detail plans to ease up on restrictions that were meant to slow the coronavirus pandemic but also have erased businesses and jobs. Texas, Ohio and other states have taken steps to ease lockdown restrictions and reopen their economies. Mississippi, Tennessee and Colorado began to permit some businesses to reopen Monday.With central banks and gov
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