“Everyone is just desperate for good pieces of news,” said one market strategist. “It doesn’t necessarily reflect anything fundamental. Nothing’s changed.”
Stocks soared on Monday, rebounding after sharp losses last week, as investors celebrated early signs that the coronavirus pandemic shows signs of slowing down thanks to lockdown measures in Europe and the United States, thoughThe Dow Jones Industrial Average gained 7.8%, more than 1,600 points, on Monday, while the S&P 500 rose 7.2% and the Nasdaq Composite gained 7.3%.
New York Governor Andrew Cuomo said in a Monday press conference that the state’s number of hospitalizations and deaths due to coronavirus is plateauing, which means that “Retail stocks like Nordstrom
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