Global stock rally zooms into Day 2 on hopes for coronavirus peak
Tuesday, 7 April 2020
NEW YORK (AP) — Stocks climbed in early trading on Wall Street Tuesday as markets around the world piled on even more gains following their huge rally a day earlier. The S&P 500 was up about 1.5% in morning trading, after paring bigger gains from earlier. It added on to Monday's 7% surge, following encouraging signs that the coronavirus pandemic may be close to leveling off in some of the hardest hit areas of the world. Even though economists say a steep recession is inevitable, if not already here, the stock market is looking ahead to when economies will reopen from their medically induced coma. A peak in the number of new infections...
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