The S&P 500 and the Dow Jones indexes hit new three-month highs on Tuesday on prevailing optimism around the reopening of businesses, with investors remaining cautious around more disruptions from protests in the country over the death of a black man while in police custody.
Some of the worst-hit stocks in the travel sector, including American Airlines Group Inc, United Airlines, Norwegian Cruise Line and Carnival Corp, rose between 1.5 per cent and 2.7 per cent.
Improving economic data, trillions of dollars in stimulus and the restarting of businesses have helped the S&P 500 climb about 38 per cent from its March lows, leaving it only about 11 per cent below its Feb. 19 record high.
But investors are keeping a close eye on Sino-U.S. tensions and anti-police brutality marches and rallies that have often turned violent in many cities.
Demonstrators set fire to a strip mall in Los Angeles,