“I expect another correction, because this recovery’s been almost too fast,” Mark Mobius says. Follow along with the latest stock market updates here:
. "Some of these names which maybe fell out of favor going into an election year … are all the sudden back in favor," Kilburg added. "You're seeing Gilead this morning with a really nice pop, but a high tide lifts all boats."jumped more than 9% in early trading to lead big retail stocks higher amid optimism about the U.S. economy possibly reopening sooner than expected. Gap's stock is still down more than 50% for the year.
If the Dow holds these gains, it would mark its first close above 24,000 since March 10, when it closed at 25,018. —led the S&P 500 higher, gaining more than 12% on Friday. The largest mall owner in the U.S. has been beaten down due to the coronavirus shutdown as retail struggles. The REIT's stock is down more than 64% this year. However, hopes of a coronavirus treatment and a reopening of the economy is boosting shares.
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