Wall Street up as recovery hopes overshadow virus worries
Wall Street is closing higher as hopes for economic recovery overshadow worries over the coronavirus pandemic.
The S&P 500 jumped to a nearly 3-month high, recovering much of its post-pandemic losses. Investors are shifting their focus to how various nations are adapting to getting back to business, while striving to keep new COVID-19 cases in check. Reassuring comments by the head of China’s central bank also helped spur buying.
Benchmarks in Paris, London and Tokyo also gained on Tuesday.