The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 26, 2020.
Jeenah Moon | Reuters
Dow Jones Industrial Average rose 26 points
The Dow Jones Industrial Average rose 26.07 points, or 0.11%, to 23,749.76, while the S&P 500 rose 0.42 to 2,842.74. The Nasdaq Composite posted a 1.23% gain to 105.77. Investors weighed the reopening of the economy along with brewing tensions between China and the U.S.
Big tech companies lift the broad market
Gains in popular technology companies provided the broader market with some support. Shares of Netflix climbed 3.1%, while Amazon rose 1.31% and Microsoft rose 2.45%. Apple and Facebook both climbed nearly 1.5%.
Amazon and Netflix were among the first companies in the S&P 500 that fully made back the losses from the coronavirus sell-off as they saw a surge in demand amid lockdowns.
Airlines register big losses
What happens next?
Investors will digest a slew of economic data including reports on the U.S. trade deficit, Markit services PMI and ISM nonmanufacturing PMI.
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