NEW YORK: Hopes that the economy-crushing coronavirus pandemic might be easing sent Wall Street climbing sharply on Monday (Apr 6), with all three ...
NEW YORK: Hopes that the economy-crushing coronavirus pandemic might be easing sent Wall Street climbing sharply on Monday , with all three main indices higher at the close of trading.
Over the weekend, US Surgeon General Jerome Adams warned that this week"is going to be the hardest and the saddest week of most Americans' lives," but President Donald Trump struck a different tone earlier on Monday, tweeting,"LIGHT AT THE END OF THE TUNNEL!" "It's going up on hopes that perhaps we're reaching a peak in this coronavirus," Peter Cardillo of Spartan Capital Securities said of the markets.Wall Street has had several bruising weeks as the virus took its toll on human lives and the economy. But Cardillo said the more upbeat news encouraged investors holding cash to jump in.
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