Wall Street set to open higher on signs of lockdown easing [Reuters]
Exxon Mobil Corporation (XOM)
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Source: Reuters
Wall Street set to open higher on signs of lockdown easing (Reuters) - U.S. stock markets were set to gain at the open on Friday as some states prepared to relax curbs imposed to contain the coronavirus outbreak, with a surprise rise in orders for U.S.-made capital goods also lifting sentiment. From Tennessee and Texas to Ohio and Montana, governors announced plans to swiftly allow a return to business for some workplaces on signs the pandemic was peaking in some of the worst hit parts of the country. “We are past the peak and slowly, but surely, all the states that have not had major cases will gradually re-open, and the market is taking that as a signal that demand is going to come back,” said Thomas Hayes, managing member at Great Hill Capital LLC in New York. Early sentiment was also supported by the latest $500 billion relief package that cleared the U.S. House of Representatives the previous day. The bill is with President Donald Trump, who is expected to sign it into law. The b
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