LK - Stock Market Wrap-Up: Why Luckin Coffee Jumped 50% While Hertz Stock Crashed
The stock market moved higher on Tuesday, reflecting rising optimism among investors about the prospects for a return to more normal business conditions in the coming weeks and months. Public health officials fear that relaxed mitigation efforts could bring back a resurgence of COVID-19 outbreaks, but progress on several fronts toward a possible vaccine also made market participants more comfortable. The Dow Jones Industrial Average (DJINDICES: ^DJI) led the way with a greater than 2% gain, with smaller rises for the S&P 500 index (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC).
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