/Investors Bet Big on Economy Reopening

Investors Bet Big on Economy Reopening

U.S. stock futures jumped this morning as investors bet on the economy reopening.

The news follows two positive sessions in stock exchanges throughout the world. (CNBC)

Dow futures were up about 0.9% and indicated opening gains of more than 200 points. S&P 500 and Nasdaq futures were also up about 0.9%.

Oil prices gained for a sixth-straight day, stabilization in a market that crashed to negative prices last month. Energy stocks like Apache and Marathon Oil were among the big premarket gainers.

Stocks which stand to benefit from a reopening of the economy were also higher in the premarket Wednesday. Gap shares rose 3.6%. Airlines and cruise lines were higher.

The moves came as investors weighed the consequences of a growing number of states beginning to reopen their economies in the first two weeks of May.