Stocks extend gains | How many states are reopening? | Oil continues rebound

Stocks rose again on Tuesday as investors continued to place hopes on reopening state economies.

VIEW IN BROWSER | SUBSCRIBE TUE, MAY 05, 2020 EVENING BRIEF AS OF TUE, MAY 05, 2020 • 04:09 ET DJIA 23883.09 +0.56% +133.33 S&P 500 2868.44 +0.90% +25.70 NASDAQ 8809.12 +1.13% +98.41   Most Active DOW NAME LAST CHG %CHG AAPL 297.56 +4.40 +1.50% MSFT 180.76 +1.92 +1.07% BA 125.40 -6.06 -4.61% S&P 500 NAME LAST CHG %CHG NCLH 11.18 -3.26 -22.58% GE 6.20 -0.01 -0.16% F 4.97 +0.11 +2.26% NASDAQ NAME LAST CHG %CHG AAL 9.51 -0.31 -3.16% AMD 52.19 -0.37 -0.70% AAPL 297.56 +4.40 +1.50% EDITOR'S NOTE Stocks kept rising and oil prices surged Tuesday as state economies around the nation begin to reopen, even as deaths and infections continue mounting in the coronavirus pandemic.   CNBC's Tom Franck writes about state plans to reopen and how many Americans will soon see restrictions lift. With tens of millions out of work, fears of a dreaded second wave of outbreaks have perhaps been overcome by economic necessity.   "Given we have a window of reopenings with little information on how a 2nd wave is progressing, markets will grind higher," Evercore strategist Dennis DeBusschere writes.  In the U.S., there are now more than 1.1 million confirmed cases and more than 70,000 deaths, according to Johns Hopkins University. Health officials say they are concerned about the potential for a second wave this fall, but it's also possible scientists find a new treatment that significantly diminishes the virus.   For now, CNBC contributor and former Food and Drug Administration Commissioner Dr. Scott Gottlieb said he expects cases to continue climbing in May as states reopen.   "The troubling sign is that we still see them going up," he said. "So you certainly can't conclude that the epidemic's reached its peak and is turning a corner. At best, it's plateaued."    Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Stocks extend rally on hopes of economy reopening Here's a look at how much of the country is reopening Oil jumps in fifth day of gains on demand recovery and production cuts Consumer debt hits new record of $14.3 trillion The market is getting excited as the Fed prepares to buy corporate bonds Track the latest coronavirus news here Airbnb to lay off nearly 1,900 people, 25% of company Stocks for a 'world after Covid,' according to Bank of America Norwegian Cruise Line sees 'substantial doubt' about its future, warns of possible bankruptcy Fed Vice Chair Richard Clarida sees positive economic growth in the third quarter     TOP VIDEO The market here is not cheap: BlackRock's Rieder   CNBC PRO These retail stocks are winners in the 'new normal' and reopening of the economy, Wells Fargo says   SPECIAL REPORTS Momentum trading is making an ill-timed comeback, investor Rich Bernstein warns US stocks rise on optimism over reopening economy—Three experts on what to watch   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS