NEW YORK - U.S. equity markets locked in gains Monday as traders digested the news that social-distancing guidelines were extended until at least April 30 and as Treasury Secretary Steven Mnuchin reiterated details on how small businesses can obtain loans quickly in an interview on FOX Business.
The Dow Jones Industrial Average rose 690 points or 3 percent. The S&P 500 and Nasdaq Composite gained 3.3 percent and 3.6 percent, respectively.
Last week, the Dow added 13 percent, making for its best week since 1938. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates The markets also absorbed news of worker furloughs in the retail sector.