Stocks open higher, extending a rally into its fourth week
Stocks are opening higher on Wall Street Monday, extending a rally into its fourth week. Banks and industrial companies had some of the biggest gains in the first few minutes of trading. The S&P 500 index rose 0.4% Small-company stocks continued to outpace the rest of the market as investors upgraded their outlook for the economy. The S&P 500 is back within 5.3% of its record set in February, as optimism strengthens that the worst of the coronavirus-induced recession may have already passed. Its rise follows up on modest moves made in Europe and Asia. Treasury yields were holding near their highest levels in months.
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