Wall Street rallies on reopening hopes, Nasdaq hits record


New York (AFP) – Wall Street indices powered to a strong finish on Monday, with Nasdaq hitting a new record and the S&P 500 erasing its losses for the year despite the ongoing coronavirus tumult.The rally in New York came after European stock markets dropped slightly amid a sell off that was driven by profit-taking but limited by positive expectations of a global economic recovery.A similar belief in the ability of US states to return to business pushed the tech-rich Nasdaq to close more than 100 points over its previous high in February, while the benchmark Dow Jones Industrial Average finish…

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