All major indexes finished the day in the green, as the number of new coronavirus cases in the U.S. appeared to slow down: - The Dow traded nearly 1,600 points higher, or 7.6% - The S&P 500 gained almost 7% - The Nasdaq was up 7.3%
surged 7.3% to 7,913.24. The major averages rallied to their session highs in the final minutes of trading, with the Dow briefly trading more than 1,700 points higher.
The Trump administration also noted on Sunday there are signs of stabilization in hospital rates, helping to lift Wall Street sentiment on Monday. Meanwhile, New York State reported 594 new coronavirus deaths on Sunday, fewer than 630 on Saturday, marking the first daily decline in coronavirus-related deaths.
Last week, the major averages posted their third weekly decline in four. The Dow slid 2.7% while the S&P 500 lost 2.1%. The Nasdaq Composite closed last week down 1.7%. Stocks are also deep in bear-market territory as concerns over the coronavirus outbreak have virtually shut down the global economy and have dampened sentiment around corporate profits.
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