[CNBC Television] The market clearly ripped the rear-view mirror off, and is looking forward: Piper Sandler’s Johnson

🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео принадлежит каналу «CNBC Television» (@CNBCtelevision). Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: Craig Johnson of Piper Sandler discusses how markets typically perform over the coming months following a bear market low, and why he’s still maintaining a year-end objective of 3,600 on the S&P 500. Stocks rose sharply on Wednesday as traders continue to grapple with the market’s wild moves from this week. The Dow Jones Industrial Average traded 317 points higher, or 1.3%. The S&P 500 gained 1.5% while the Nasdaq Composite advanced 1.8%. Here are the stories that are moving the market: Investors continue to watch how the reopening of states is going and so far there doesn’t appear to be a major spike in the virus. On Wednesday, Connecticut began allowing consumers to dine in at restaurants with outdoor seating and some shops. New York Gov. Andrew Cuomo also said the state’s outbreak is back to where it started. Strong results amid a lockdown from Lowe’s helped market sentiment. The home improvement retailer reported a same-store sales increase for the first quarter of 11.2%. The shares gained 0.7%. In another sign of economic activity amid the pandemic, Target said a surge in digital sales fueled a 10.8% increase in same-store sales last quarter. The shares, which are up 13% in the last one month, fell slightly. Oil continued to trade higher on Wednesday as traders bet on more driving activity. “The next three to six weeks are likely to be important for the financial markets are a majority of states are in the process of reopening their economies to varying degrees,” said Scott Wren, senior global market strategist at Wells Fargo Investment Institute, in a note. Stocks have already “priced in some degree of reopening success.” However, “we continue to believe that consumer spending may be slower to come back than the market appears to currently expect,” Wren added. Shares of MGM Resorts, United Airlines and Live Nation Entertainment all rose more than 4%. Those companies have all taken a beating this year amid the global economic shutdown. The major averages fell off their session highs around midday after the Senate passed a bill that would increase oversight of Chinese companies. The bill would also require Chinese companies to delist from U.S. exchanges. shares of Alibaba, Baidu and all fell from their highs amid the news. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: » Subscribe to CNBC Classic: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBC TV