Thursday, May 21, 2020

All 50 States At Least Partially ReOpened

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U.S. equity markets rallied Wednesday on prospects of the U.S. economy beginning its economic rebound with all 50 states now partially reopen. ⁣ ⁣Connecticut became the latest state to begin reopening from coronavirus lockdowns, allowing retail, offices, outdoor restaurants and outdoor recreation activities to resume. Delaware, Kentucky and New Jersey also eased limits imposed to curb the spread of the COVID-19 pandemic. ⁣ ⁣The Dow Jones Industrial Average gained over 369 points or 1.52 percent, while the S&P 500 jumped 1.67 percent and the Nasdaq Composite rose over 2 percent helped by big tech including Facebook which hit a fresh record. ⁣ ⁣Go to the link in our bio for more on this story.

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All states in America had begun a phased reopening of their economies as of Wednesday after shutting down non-essential businesses to stem the spread of COVID-19, the illness associated with the novel coronavirus. Although lockdown orders remain in effect in a handful of states as well as the nation’s capital and the U.S. territory of Puerto Rico, some non-essential businesses in those regions have reopened, data compiled by the New York Times revealed as of Wednesday afternoon, echoing other analyses. Still, Democrat-allied mainstream media outlets like the Times argue that it is premature for states to reopen at this juncture, despite some metrics, like hospitalizations, showing improvements in the coronavirus situation across the United States. While some health experts have acknowledged that deaths and cases may increase with the reopening of the country as more people go outside their homes, others warn about the potentially lethal costs of keeping the shutdown in place. Testing has also improved in recent weeks, which will lead to health officials detecting more cases. Several states (8) did not impose a shutdown. The vast majority of the remaining ones have allowed their shelter-in-place order to expire, either already or by next week (35). Puerto Rico’s stay-at-home order will expire next week on May 25. Meanwhile, the District of Columbia has extended its quarantine order to June 8. Some states may choose to extend their quarantine orders after they expire or cut them short if conditions improve.

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