Stocks rose when the market opened Wednesday as Wall Street ramps up its bets on a quick recovery despite rising coronavirus cases and pandemic-related layoffs.
The Dow Jones Industrial Average rose more than 100 points Wednesday, rising 0.5 percent for its third consecutive day in the green. The Nasdaq rose 1.1 percent, and the S&P 500 rose 0.7 percent.
Stocks have rallied steadily since April, the best month for the market since 1987, from a late winter crash as more than 30 state governors rolled out plans for easing social distancing restrictions even as coronavirus cases continue to increase.
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