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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks opened solidly higher Wednesday, extending a volatile week on hopes for a US economic rebound as retailers reported mixed results. About 20 minutes into trading, the Dow Jones Industrial Average stood at 24,552.25, up 14 percent. The broad-based S&P 500 gained 1.6 percent to 2,968.15, while the tech-rich Nasdaq Composite Index jumped 1.7 percent to 9,339.65. Stocks fell Tuesday, giving back some of Monday's rally that followed positive initial clinical results of a vaccine candidate for the coronavirus. The market has been weighing hopes for an economic rebound as more states reopen for business against a mounting pile of terrible indicators on joblessness, business investment and consumer confidence. Big-box retailer Target was flat early Wednesday after reporting an 11.3 percent jump in first-quarter revenues to $19.6 billion. However, the company suffered a 64.3 drop in profits to $284 million due to higher costs. The results demonstrated the juggling act essential stores are doing during the COVID-19 crisis, when they are paying bonuses to hourly workers and spending more on cleaning. Among other retailers reporting results, Lowe's rose 2.3 percent, while Urban Outfitters fell 4.8 percent. jmb/cs
schema:headline	US stocks open higher, extending run of volatility
schema:mentions	Variance Juggling S&P 500 Index Protest Dow Jones Industrial Average USA Gymnastics Target Corporation Vaccine Urban Outfitters Consumer confidence NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-05-20 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	60 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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