Stock Markets' March Higher Resumes as Hertz Soars, Array Shines

The stock market reversed course and pushed higher on Friday morning, with many investors hoping that the Dow Jones Industrial Average (DJINDICES: ^DJI) might finally be poised to climb into record territory before 2020 ends. Positive comments about the prospects for a coronavirus vaccine had some investors extremely excited, but plenty of uncertainty still looms ahead.

Nevertheless, stocks moved generally higher. Shortly before 11:30 a.m. EDT today, the Dow Jones Industrial Average (DJINDICES: ^DJI) was higher by 222 points to 28,716. The S&P 500 (SNPINDEX: ^GSPC) had picked up 14 points to 3,497, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had risen 14 points to 11,727.

Sources of excitement are coming from different parts of the stock market, and not all of them make perfect sense. Hertz Global Holdings (NYSE: HTZ) has been a favorite among short-term traders, and the latest news out of its bankruptcy proceeding led to a big jump in its stock price despite its dubious impact on Hertz's financial prospects. Meanwhile, newly public Array Technologies (NASDAQ: ARRY) continued to gain ground following its Thursday IPO, reflecting investors' huge appetite for solar-related suppliers.

Source Fool.com