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Stock Markets Surge as Infections Approach Peak Levels

Video Credit: Wibbitz Top Stories - Duration: 01:13s - Published
Stock Markets Surge as Infections Approach Peak Levels

Stock Markets Surge as Infections Approach Peak Levels

Stock Markets Surge as Infections Approach Peak Levels U.S. officials have warned this week could be the 'hardest and saddest' of the COVID-19 outbreak.

Still, both U.S. and global stock markets soared Monday as investors grasp overseas progress against the coronavirus.

South Korea is beginning to show low numbers of new cases and China's massive economy is rumbling back into action.

The Dow Jones, S&P 500 and NASDAQ have each climbed 5.7, 5.6 and 5.5 percent, respectively.

Traders are looking for signs of encouragement amid the doom and gloom around the country.

New York, the epicenter of the U.S. outbreak, reported its first daily decline in coronavirus deaths, but Governor Andrew Cuomo cautioned this could be a 'blip.'

Deaths in the U.S. are closing in on 10,000 and unemployment insurance claims have topped 10 million in the past two weeks.

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