Why These Retail Stocks Were Rising Sharply on Monday
Shares of many retailers were surging on Monday afternoon, amid a broad-based market rally on signs that the economic impact of the coronavirus pandemic might not be quite as bad as previously feared.
Here's where things stood for these companies' stocks as of 2:45 p.m. EDT, relative to their closing prices on Friday:
With the total number of COVID-19 cases still rising rapidly, "optimism" is a relative concept right now. But that said, there are reasons to be cautiously optimistic about the U.S. economy -- or at least, somewhat less pessimistic than we might have been recently.
Source Fool.com
