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Dow Jones gains on signs of coronavirus slowdown

Dow Jones gains on signs of coronavirus slowdown

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Wall Street rose on Tuesday as early signs of a slowdown in coronavirus cases in U.S. hot spots raised hopes that sweeping lockdown measures to contain the outbreak were working.

The S&P 500 was set for its biggest two-day gain in nearly two weeks, building on a 7% jump on Monday, as the governors of New York, New Jersey and Louisiana pointed to tentative signs of a plateauing in the pandemic.

Early gains were led by the energy, financials and materials sectors, with an aggressive round of fiscal and monetary stimulus in the past month also boosting risk appetite.

Source: Economic Times

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