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4/6, 3:58 PM (Source: TeleTrader)
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Dow soars over 1,000 pts on virus easing hopes

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.

Breaking the News / NP