Wall Street stages explosive rally, powering Dow nearly 1,600 points, defying grim coronavirus projections
Stocks made historic gains on Monday even as Americans hunkered down for what is expected to be the most difficult period of theThe Dow Jones industrial average, the Standard & Poor’s 500 index and the Nasdaq composite all skyrocketed more than 7 percent Monday even as the number of U.S. coronavirus deaths passed 10,000. New York City hospitals were stretched to their maximum and British Prime Minister Boris Johnson entered intensive care.
South Korea is recording encouragingly low numbers of new cases, and China’s powerful economy is coming back online. New York, the epicenter of the U.S. outbreak, reported its first daily decline in coronavirus deaths Monday. Still, losses are mounting across the United States, where covid-19 deaths surpassed 9,500 over the weekend. Unemployment has skyrocketed, with nearly 10 million Americans filing jobless claims in two weeks.
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GM offers manufacturing blueprints for face masks to 600 auto parts suppliers amid virus pandemicIn a note to the companies Saturday, Shilpan Amin, GM's vice president of Global Purchasing and Supply Chain, said it is making the company's step-by-step manufacturing plans for such personal protective equipment available to anyone willing to join in the cause.
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'My 600-lb Life' star James King dies aged 49The reality TV show favourite passed away at Nashville hospital on Friday after a long battle with an array of health issues
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'My 600-lb Life' Star James King Dead at 49'My 600-lb Life' star James King has died at 49.
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Stocks are set to jump, with Dow futures pointing to a more than 800 point gain“We’re having a bounce on medical issues, not on policy issues, not on technical issues.” Here’s why Allianz’s elerianm says that’s significant.
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Dow futures rise as Trump administration signals that coronavirus outbreak may be stabilizingStock-index futures rise sharply Sunday night as investors appear eager to focus on a glimmer of optimism coming out of the White House about the potential...
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Stocks are set to jump at Monday's open, Dow futures rise more than 200 pointsU.S. stock futures rose on Sunday night as Wall Street tried to recover from another decline last week.
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