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Thursday, May 21, 2020
HomeNewsMarketsDow, Markets Soar Amid Signs Coronavirus Slowing in New York

Dow, Markets Soar Amid Signs Coronavirus Slowing in New York

Graphic concept of the Dow Jones Industrial Average (^DJI) behind a black bull pointing to a green ascending chart symbolizing a bullish market. (Photo: AdobeStock)
Graphic concept of the Dow Jones Industrial Average (^DJI) behind a black bull pointing to a green ascending chart symbolizing a bullish market. (Photo: AdobeStock)
Graphic concept of the Dow Jones Industrial Average (^DJI) behind a black bull pointing to a green ascending chart symbolizing a bullish market. (Photo: AdobeStock)

New York, New York (PPD) — U.S. equity markets are soaring higher on Monday amid signs the spread of the coronavirus (COVID-19) is slowing in New York, the epicenter for the nation.

UPDATE: The Dow Jones Industrial Average (^DJI) closed +1,627.46, or +7.73% higher to 22,679.99. The S&P 500 (^SPX) closed up +175.03, or +7.03% to 2,663.68. The NASDAQ Composite (^IXIC) closed +540.16, or +7.33% higher at 7,913.24.

The Russell 2000 (^RUT) soared +86.73, or +8.24% to close at 1,138.78.

PREVIOUS: As of 1:56 PM EDT, the Dow Jones Industrial Average (^DJI) shot +1,246.28, or 5.92% to 22,298.81. The S&P 500 (^SPX) soared +145.50 (5.85%) to 2,634.15. The NASDAQ Composite (^IXIC) rose +433.05 (5.87%) to 7,806.13.

The Russell 2000 (^RUT) was +69.81 (6.64%) to 1,121.86.

At his daily press conference on Sunday, Governor Andrew Cuomo, D-N.Y., said the total number of new cases statewide had decline for three days in a row. On Monday, he said the state be at the beginning of the APEX, the highest point before the flatten the curve.

“It’s hopeful,” he added with a caveat. “It’a also inconclusive, and also depends on what we do.”

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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