Here's Why Macerich Stock Is Soaring Today
The stock market ended the week on a positive note, with the Dow Jones Industrial Average and S&P 500 up by 1.5% and 1.4%, respectively, as of 3 p.m. EDT. Mall operator Macerich (NYSE: MAC) was a particular standout, with the retail REIT's shares up by nearly 11%.
Investors seem to be encouraged by several states starting to reopen their economies, as it appears that many retail properties will be allowed to open earlier than previously expected. This is especially true with outdoor (open-air) shopping centers.
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Source Fool.com
