© Reuters.

By Yasin Ebrahim

Investing.com – Wall Street climbed on Monday, led by real estate and financial stocks as efforts to reopen the economy continued to underpin investor hopes of a quicker recovery in the second half of the year.

rose 0.39%, or 98 points, the gained 0.42%, while the added 0.74%.

Mass civil unrest across several states over the weekend did little to drown out investor optimism as financials continued to rack up gains after hitting a more than two-month high last week.

Real estate was also among the biggest gainers, led by Vornado Realty Trust (NYSE:), Regency Centers (NASDAQ:), and Kimco Realty (NYSE:), with the latter up more than 7% after JPMorgan upped its price target on the stock to $13 from $11.

Healthcare, meanwhile, proved the exception to the gains on Wall Street, paced by a 7% decline in Pfizer (NYSE:) after the pharmaceutical giant revealed disappointing data from its breast-cancer drug trial.

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2020-06-01