"The market is enjoying the economy opening, albeit on a phased-in schedule but that more and more states are opening," Quincy Krosby, chief market strategist for Prudential Financial told CNBC. "The numbers in terms of new cases remain at a level that does not, at this point, suggest that the opening is causing cases to rise."
While U.S. equities closed in positive territory on Tuesday but well of their highs, after losing steam in the final hour of trading. Federal Reserve Vice Chairman Richard Claridawill be need from the central bank and government to support the markets and the economy. Oil prices also rallied 20% on Tuesday, its fifth-straight day of gains, fueled by optimism around an uptick in demand as worldwide economies reopen.
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