Stocks rise on optimism for reopening, Nasdaq erases losses for year

Stocks rose in early trading Thursday, enough for the Nasdaq composite index to turn positive for the year.

Buoyed by optimism about the economy reopening, the tech-heavy Nasdaq gained 1.2% by mid-morning to erase its losses from the impact of the coronavirus crisis.

The Dow Jones Industrial Average was up 1.2% and the S&P 500 gained 1.3% in early trading.

There were gains in big tech stocks, including Alphabet, Amazon, Apple and Facebook. Oil prices also have rebounded.

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Dave Boyer

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