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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street indices powered higher on Monday as investors bet on the economy's continued ability to recover from the coronavirus pandemic, with the Nasdaq reaching a new record close. The tech-rich index gained 1.1 percent to finish the session at 9,924.74, more than 100 points above its previous peak in February. The benchmark Dow Jones Industrial Average gained 1.7 percent to close at 27,572.44, while the broad-based S&P 500 rose 1.2 percent to 3,232.39, erasing its losses for the year. It was a dramatic recovery for US stocks following a bruising March that saw indices plunge in value as businesses across the United States shut down to stop the spread of COVID-19. Investors have been buoyed by state moves to reopen their economies and a return of demand in key sectors. Maris Ogg, portfolio manager at Tower Bridge Advisor, said markets are "running high on people's expectation that we actually started a new bull cycle, that the economic cycle will have been revitalized by the downturn. It's probably realistic." Yet Wall Street's newfound health has not been reflected across the US economy at large: the unemployment rate is at 13.3 percent and non-partisan research organization National Bureau of Economic Research said Monday the US economy entered a recession in February. But between the investors who are holding back in case the recovery falters and trillions of dollars in liquidity from the Federal Reserve, Ogg said markets are primed to increase. "The path of least resistance is still up," she said. United Airlines gained 14.8 percent and American Airlines 9.3 percent after both carriers announced last week they will increase flights amid rising demand for travel. Carnival Cruise Line rose 15.8 percent as it moved closer to its restart of limited operations from August. cs/hs
schema:headline	Wall Street rallies to close up, Nasdaq hits all-time high
schema:mentions	S&P 500 Index Tower Bridge Carnival Cruise Line Ogg Dow Jones Industrial Average American Airlines United Airlines Federal Reserve Recession Pandemic United States Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 High Wall Business cycle Investment management Market liquidity NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-06-08 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	60 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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