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PENN - Stock Market Wrap-Up: Forget Cruise Stocks -- This Industry's Reopening Right Now
Penn National Gaming Inc.
The stock market posted further gains on Wednesday, lifted by hopes that the U.S. economy will recover quickly from the coronavirus pandemic once measures to reopen businesses start to gain steam. Many states are using phased approaches to reopening, with different categories of businesses having different priorities in terms of when they get to start operating again. Gains for the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite(NASDAQINDEX: ^IXIC) amounted to roughly 1% to 2%.