Global stocks rallied Monday as investors cheered early signs that lockdowns in the U.S. and Europe may be helping slow the coronavirus pandemic, even as Americans brace for a difficult week with infections likely to peak. The Dow Jones Industrial Average rose 1,042 points, or 5%, to 22095, although the index is still down more than 20% this year. The S&P 500 rose 4.8%, and the Nasdaq Composite gained 4.8%.
By Mark DeCambre, MarketWatch, Sunny Oh. Oanda's Craig Erlam, however, says' investors nerves will likely be heavily tested,' in coming days and weeks. Stocks traded sharply higher Monday midday as investors appeared eager to focus on signs that the rapid spread of the COVID-19 disease is stabilizing in the U.S., which has emerged as the new epicenter of the pandemic.
By Myra P. Saefong and Mark DeCambre, MarketWatch. Silver futures advance 1.8% in early Monday trade. Gold futures moved sharply higher Monday as a grim outlook on the spread of coronavirus supported investor appetite for the haven metal, even as U.S. benchmark stock indexes climbed on hope that fatalities from the pandemic will soon reach a peak.
* Shares up as virus deaths slow in New York, Italy, France. * Oil prices resume slide as Russia-Saudi Arabia delay meeting. * Yen drops as Japan readies for state of emergency. * World FX rates in 2020 http://tmsnrt.rs/2egbfVh. By Rodrigo Campos and Marc Jones.
U.S. Treasury yields rose on Monday as
stocks opened strong on hopes that the coronavirus health crisis
may be slowing down in some parts of the United States.
Global stocks rallied Monday as investors cheered early signs that lockdowns in the U.S. and Europe may be helping slow the coronavirus pandemic, even as Americans brace for a difficult week with infections likely to peak. The Dow Jones Industrial Average rose 1,014 points, or 4.8%, to 22067, although the index is still down more than 20% this year. The S&P 500 rose 4.6%, and the Nasdaq Composite gained 4.5%.
Stocks rallied on Monday as investors cheered early signs that lockdowns in the U.S. and Europe may be helping slow the coronavirus pandemic, even as Americans brace for a difficult week with infections likely to peak. The Dow Jones Industrial Average rose about 900 points, or 4%, The S&P 500 and Nasdaq Composite gained nearly 4%, suggesting that stocks may have a strong first day of the week. Earlier, the pan-continental Stoxx Europe 600 index gained 2.9%, while most major Asian...
- The S&P 500 was on track to recoup about $1 trillion in market value on Monday in a frantic rally after New York, the biggest U.S. coronavirus hot spot, reported a fall in daily deaths, raising hopes that the pandemic could level-off soon.
U.S. stocks opened higher Monday, with analysts attributing support to a fall in the death rate from the COVID-19 pandemic in Europe and hopes that the toll in the U.S. may be nearing its peak. The Dow Jones Industrial Average was up 857 points, or 4.1%, while the S&P 500 advanced 96 points, or 3.8%, to 2,584. The Nasdaq Composite advanced 259 points, or 3.5%, to 7,643.. (END) Dow Jones Newswires 04-06-20 0935 ET Copyright (c) 2020 Dow Jones& Company, Inc..
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