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24.04 - 00:59
US stocks surge on hopes of easing coronavirus crisis; Dow rises 5%
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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. All three main stock indexes jumped more than 4%, with gains led by utilities, real estate and consumer staples stocks - broadly considered the safest bets at times of extreme volatility.
The S&P 500 banking index soared 7.3% and was set for its best day in more than a week, with Bank of America , Citigroup, Wells Fargo and JP Morgan advancing between 5% and 8%, tracking Treasury yields. "Seeing signs of stabilization in New York City is probably the most important thing given the amount of capital
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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
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Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
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United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
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Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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