Wall Street is growing up amid optimism about quarantine ease
Five of S&P's 11 major sectors are trading up, with the technology index outpacing growth as traders buy up stocks that are considered resilient under quarantine conditions.
U.S. stock indices are rising for the third session in a row, triggered by unprecedented stimulus measures and signs of reaching the peak of the coronovirus outbreak.
However, with macroeconomic data still predicting a deep global recession, analysts warn of another sell-off, especially if a second wave of the epidemic emerges in quarantine relief countries.
By 23:18 SGT on May 6 Dow Jones Industrial Average index grew by 0.02%, to 23.887.19 points, S&P 500 - by 0.12%, to 2.871.77 points, and Nasdaq Composite - by 0.99%, to 8.896.17 points.