"The social, human interaction that has always been part of the strength of New York City will come back," said William Rudin, CEO and co-chairman of Rudin Management Co.
The Nasdaq has led stocks back from the coronavirus crash March bottom, but market history since 2000 suggests that the Dow Jones Industrial Average could start playing catch-up.
World health officials are hearing about more cases of an inflammatory disease similar to Kawasaki disease in a few countries, including the United States and Europe, WHO says.
Cuomo said the beaches will be limited to 50% capacity. Concession stands will be closed and contact activities, including sports, such as volleyball, are prohibited. Public pools will remain closed, he said.
A weaker-than-expected read on April's coronavirus-affected retail sales released Friday contributed to the decline, as investors moved into the relative safety of the bond market, pushing yields down.
More passengers are flying in May compared with April but demand is still far off normal levels as the late-spring and summer travel season approaches.
"Platforms are not just taking a larger slice of the pie, but almost the whole pie," wrote Vice CEO Nancy Dubuc in a memo to staff announcing more than 150 layoffs.