'Rally of hope': Why the S&P soared back past 3,000

11:41am PDT - May 26th, 2020    richard herd - Reuters

Unthinkable just two months ago as the world economy shut down in response to the coronavirus pandemic, the U.S. stock benchmark S&P 500 index broke through the psychologically-important 3,000 level on Tuesday, capping a 37% stock rally since its March low.