Dow Jones Pops 300 Points on Hopes for Economic Recovery

The Dow Jones is climbing today despite an expected 38% decline in GDP for the second quarter. Investors still have hope for recovery as several states work to reopen their economies. This morning, Lowe's Companies (NYSE: LOW) reported quarterly results. Investors cheered news that homebuying rebounded nicely after the COVID-19 scare. Weekly mortgage applications came in just 1.5% lower than this point last year, a massive recovery from one month ago, when applications were off 35%, year-over-year. The post Dow Jones Pops 300 Points on Hopes for Economic Recovery appeared first on Money Morning - We Make Investing Profitable . Read more... Tags: dow jones today To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.