( Reuters) – Wall Street’s main indexes surged and the Nasdaq hit its highest level in 3 months on Wednesday as investors hold on to hopes of a healing from a coronavirus-fueled depression amid signs of more stimulus for ailing sectors.
The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan throughout the outbreak of the coronavirus illness (COVID-19) in New York City, New York City, U.S., April 13,2020 REUTERS/Andrew Kelly
The tech-heavy index, now about 5?low its all-time high hit in February, was improved by Facebook Inc and Amazon.com Inc, which were trading at record levels, along with Apple Inc.
The S&P 500 was about 12?low its all-time peak and the Dow Jones index was brief by 17%.
” It associates with the reopening of the economy … some states are even more along than others, however it’s giving a little bit of confidence to the marketplaces,” stated Robert Pavlik, senior portfolio manager at Slatestone Wealth Llc in New