Dow soars over 1,000 pts on virus easing hopes

Monday, 06. April 2020 15:58

Stocks in the United States extended gains on Monday with the Dow Jones soaring over 1,000 points. Investor sentiment improved on hopes of Russia and Saudi Arabia reaching a deal on oil output cuts, as well as the declining number of daily coronavirus deaths in several European countries, including severely hit Spain and Italy.

The Dow Jones surged 4.84% at 10:00 am ET. American Express led the gains as its stock rose 11.85% at 10:01 am ET.

The Nasdaq 100 jumped 4.44% at 10:02 am ET. The best performer was Ulta Beauty whose shares skyrocketed 14.87% at 10:03 am ET.

The S&P 500 rallied 4.84% at 10:02 am ET. Capri Holdings soared 21.45% at 10:01 am ET.

The euro declined 0.16% against the dollar to go for 1.07914 at 10:08 am ET.

Related Links: 
Author:
Breaking the News / NP