The Dow gave up the gains in the final hour.
 | TUE, APR 28, 2020 | | | | DOW | | NAME | LAST | CHG | %CHG | | BA | 131.30 | +2.62 | +2.04% | | PFE | 37.91 | -0.42 | -1.10% | | MSFT | 169.81 | -4.24 | -2.44% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | GE | 6.80 | +0.37 | +5.75% | | AAL | 11.26 | +1.24 | +12.38% | | F | 5.38 | +0.21 | +4.06% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAL | 11.26 | +1.24 | +12.38% | | AMD | 55.51 | -0.98 | -1.73% | | UAL | 27.84 | +2.84 | +11.36% | |
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The Dow Jones Industrial Average on Tuesday just barely snapped a 4-day winning streak. It was weakness in tech stocks that pushed the average into the red in the final minutes. Large parts of the market were positive however and have been rebounding the last 5 days on a bet the economy will be reopening sooner than expected. Top-performing stocks over the past week include names in the beaten-down sectors of apparel, retail, travel and even energy.  "The stock market is increasingly reflecting a restart in the economy as more and more states show a willingness to allow some economic activities to come back online," Jim Paulsen, chief investment strategist at The Leuthold Group told CNBC. While optimism abounds, CNBC's Fed Survey of investors and economists reveals expectations that the economy will shrink by 24% this quarter, unemployment could hit 19% and there won't be a full recovery until 2022. It may also take trillions more in stimulus to get us there, senior economics reporter Steve Liesman writes. "With spiking unemployment and rising business closures … the prospects of a sharp rebound (is) far outweighed by the more realistic prospect of a longer-term structural disruption," said Lindsey Piegza, chief economist at Stifel. Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. |
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