Stock Markets Rise on Hopes for Economic Recovery: Live Updates


Wall Street is set for an upbeat open as global markets rise.

U.S. stock futures advanced and global markets rallied Tuesday as governments around the world planned steps for a return to normal life and work after the coronavirus outbreak.

Futures markets suggested Wall Street would open nearly 2 percent higher on Tuesday, after being closed on Monday for the Memorial Day holiday. The New York Stock Exchange said it would partially reopen its trading floor to a small number of brokers on Tuesday. Everyone must wear a mask, and follow social-distancing rules, the exchange said.

Shares of Delta Air Lines, United Airlines and other big carriers were higher in premarket trading, as was Marriott International, while the stock of Zoom was slightly lower. Oil prices were higher because demand has started climbing back as shutdowns ease. European indexes gained about 1 percent after a positive day in Asia. Tokyo stocks ended more than 2 percent higher.

Catch up: Here’s what else is happening.

Reporting was contributed by Elizabeth Paton, Jesse Drucker, Jessica Silver-Greenberg, Sarah Kliff, Niraj Chokshi, Mohammed Hadi, Julie Creswell, Neal E. Boudette, David Yaffe-Bellany and Kevin Granville.

2020-05-26 07:49:32

Read more from source here…