“Market rally picks up steam with the Dow jumping 550 points”
May 13, 2021
“The Dow Jones Industrial Average rose 550 points, while the S&P 500 jumped 1.5% as all 11 sectors traded in the green. The tech-heavy Nasdaq Composite also popped 1.5% as Apple and Microsoft both rebounded more than 2%. Alphabet and Facebook rose more than 1% each.
“This bull market ultimately has further to run,” said Keith Lerner, chief market strategist at Truist. “Investors who are underweight equities should look to average into the market weakness and become more aggressive.” Classic reopening trades, including airlines and cruise line operators, also jumped. American Airlines, United and Delta also advanced more than 2%, while Carnival and Norwegian also both rose over 2%…”
https://www.cnbc.com/2021/05/12/stock-market-open-to-close-news.html