NEW YORK - Wall Street stocks finished sharply higher on Friday , closing out a second week of gains as US officials moved forward with plans to gradually reopen the economy.The broad-based S&P 500 gained 2.7 per cent to 2,874.56, while the tech-rich Nasdaq Composite Index advanced 1.4 per cent to 8,650.14.
In one of the first moves by a major US state, Texas Governor Greg Abbott approved retailers to employ a"to go" model that requires reopened stores to deliver items to customers' cars or homes.TD Ameritrade chief market strategist JJ Kinahan cautioned investors not to expect the recovery to come quickly."Investors should be cautious though, as the 'getting going' might end up being slower than expected.
Boeing jumped 14.5 per cent after announcing it will begin to ramp production back up at its Washington state commercial plane plants, bringing back around 27,000 workers.
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