Dow surges 900 points on latest signs that the coronavirus death rate is slowing around the world
- All three major US indexes jumped on Monday after countries reported declines in new coronavirus deaths over the weekend, offering investors new hope for near-term containment.
- Spain and Italy announced the fewest deaths in more than two weeks, while New York posted its first single-day decline in new virus deaths on Saturday.
- Oil pared overnight losses after Russia’s sovereign wealth fund’s chief signaled that the country was nearing a deal with Saudi Arabia to cut production and cushion the sliding commodity market.
- Watch major indexes update live here.
US stocks soared on Monday after countries reported declines in new coronavirus deaths over the weekend.
European markets led the charge, gaining after Spain and Italy announced the fewest deaths in more than two weeks. France and Germany reported their fewest deaths in days, signaling that the outbreak may be reaching its peak overseas.
New York posted its first single-day decline in new coronavirus deaths on Saturday, offering new hope for the virus’s US epicenter after weeks of social-distancing measures and business closures. The White House also offered a slightly more hopeful tone during a …continued .
[Source: Business Insider]