NEW YORK (AFP) - Wall Street opened higher on Monday (April 6) as traders took heart from news of falling coronavirus death rates in hard-hit countries even as US cases were poised to spike.. Read more at straitstimes.com.
NEW YORK - Wall Street opened higher on Monday as traders took heart from news of falling coronavirus death rates in hard-hit countries even as US cases were poised to spike.
The Dow Jones Industrial Average was up 5 per cent, a gain of of 22,113.97 about 45 minutes into the trading session. US authorities warned over the weekend that the coming days would be tough for already hard-pressed American healthcare providers, but early signs have emerged that the virus may be slowing in New York, the current US epicentre.
But investors hoping for relief from a glut of oil that sent prices tumbling were disappointed, as a planned teleconference of Opec crude producers and key non-OPEC members aimed at easing the oversupply was pushed back to Thursday from Monday.
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