April 5, 2020
Wall Street leaps 7%, markets rally worldwide on virus hopes
NEW YORK (AP) — Wall Street surged 7% Monday after some of world's areas hardest hit by the coronavirus outbreak offered sparks of hope that the pandemic may soon slow its spread. It was the biggest jump for the S&P 500 in nearly two weeks, and it followed gains nearly as big in Europe and Asia. Encouraging numbers on infections and deaths came out of Italy, Spain and New York. Bond yields rose as investors became a bit less pessimistic about the economy's prospects. The price of crude fell after a meeting between big oil-produc...