Stocks are off to a tentative start as traders turn cautious
NEW YORK (AP) — Stocks are off to a tentative start Tuesday as traders turn cautious following a runup the day before. The S&P 500 rose 0.1% in early trading. The index is headed for its biggest quarterly gain since 1998, but only after having plunged in the first quarter as governments ordered widespread shutdowns to contain the coronavirus. Now, after massive support for the economy from the Federal Reserve and Congress help launch stocks higher this spring, traders are worried about Texas and other states having to roll back their reopening plans as infections surge. Fed Chair Jerome Powell says the outlook is “extraordinarily uncertain.”
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