Stock Markets Gain Ground on Lemonade IPO, Avis Budget Boost

The stock market continued to gain ground on Thursday, going into the three-day holiday weekend with some strong momentum. Although the gains for the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite waned slightly into the close, investors still showed that they have a strong belief in the power of the U.S. economy to overcome the challenges brought on during the coronavirus crisis. IPO investors got a treat today, as fintech insurance company Lemonade (NYSE: LMND) came public and received huge interest in the secondary market.