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Coronavirus Stock Market Rally Hits Record High As Tech Giants Soar; Boeing 737 Max Flies — And So Does Tesla

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Coronavirus Stock Market Rally Hits Record High As Tech Giants Soar; Boeing 737 Max Flies — And So Does Tesla

Article by IBD STAFF | Investor’s Business Daily.

The coronavirus stock market rally powered higher amid a strong jobs report and other economic data.

Coronavirus cases are soaring to record highs, but Covid-19 deaths have remained low. However, with states halting or rolling back reopening moves, the economic recovery could stall. Tesla (TSLA) surged before and after strong delivery figures. Boeing (BA) 737 Max certification tests began, though Max order cancellations continue. FedEx (FDX) easily beat views, while Micron Technology (MU) headlined upbeat chip news. Tech titans rallied strongly, along with many other growth stocks, pushing the Nasdaq to record highs. The S&P 500 showed some improvement, but it’s still a stock picker’s market. […]

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