Stocks rose Tuesday morning as investors considered signs that states were beginning to plan for reopening parts of the economy, and braced for a choppy earnings season, as the coronavirus pandemic swept the country at the end of the first quarter.
Federal and state officials have shifted their rhetoric around the coronavirus from solely discussing containment and distancing efforts to beginning to think about reopening portions of the country.
During a press conference Monday, Andrew Cuomo, governor of the hardest-hit state of New York, said he believed “the worst is over” so long as New Yorkers remain prudent about abiding by social distancing measures. He delivered a joint conference with the governors of New Jersey, Connecticut, Pennsylvania, Delaware and Rhode Island to announce that they had formed a working group to devise a reopening plan for the Northeast.
In a similar move on the other side of the country, California Governor Gavin Newsom said he was working with…
