The major averages kicked off the week with solid gains, building on last week's advances.
Cases in the U.S. and across the globe continue to spike as the world economy tries to reopen. Casino stocks — which stand to directly benefit from the economy reopening — were under pressure throughout Monday's session.
"Investors are using the market as a proxy for getting back to normal," says one portfolio manager. "If too many people get sick, they're going to shut down parts of the economy and the market will react."for exclusive insights and analysis, and live business day programming from around the world.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
5 things to know before the stock market opens MondayDow futures rise Monday after the blue chip average was up as much as 371 points at one stage Friday before closing down more than 200 points.
Read more »
Oil futures slip as coronavirus cases rise globally on Monday but BofA lifts crude price outlookOil futures on Monday head lower amid rising cases of the COVID-19 pandemic, but the improved outlook for long-term global demand has sparked one major investment bank to raise price targets for the commodity for this year and the next two years.
Read more »
What you need to know about coronavirus on Monday, June 22Here's everything you need to know about the coronavirus pandemic today: 📩 Sign up to get the facts from CNN delivered to your inbox daily:
Read more »
What's on TV Monday: 'The Bachelor: Greatest Seasons' on ABCWhat's on TV Monday, June 22: 'The Bachelor: The Greatest Seasons — Ever' on ABC; movies on TV; TV talk shows
Read more »
New York City will enter phase 2 of reopening on Monday, officials sayThe coronavirus pandemic has brought countries to a standstill. In many places, as countries reopen, Covid-19 cases are on the rise. Follow here for the latest.
Read more »