Stocks rebounded Monday after there were some signs of progress in the fight against the novel COVID-19 coronavirus pandemic.
The Dow Jones Industrial Average shot up 7.7 percent, and all 30 stocks in the index climbed, while the S&P 500 and the Nasdaq Composite rose 7 and 7.3 percent, respectively. That's largely a result of New York Gov. Andrew Cuomo (D) reporting that the rate of daily COVID-19 deaths and hospitalizations, as well as the number of patients in intensive care units, may be slowing in the Empire State, which is the epicenter of the U.S. outbreak.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Harriet Tubman made a general 161 years after raidSpeed Read She was the first woman to oversee an American military action during a time of war
-
Chappell Roan is a new kind of boundary-setting celebrityIn the Spotlight She's calling out fans and the media for invasive behavior
-
Saudi crown prince slams Israeli 'genocide' in GazaSpeed Read Mohammed bin Salman has condemned Israel’s actions
-
Boeing machinists approve contract, end strikeSpeed Read The company's largest union approved the new contract offer, ending a seven-week strike
-
US economy still strong in final preelection reportSpeed Read It grew at a solid 2.8% annual rate from July through September
-
Boeing machinists reject deal, continue strikeSpeed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
-
Ports reopen after dockworkers halt strikeSpeed Read The 36 ports that closed this week, from Maine to Texas, will start reopening today
-
Empty-nest boomers aren't selling their big homesSpeed Read Most Americans 60 and older do not intend to move, according to a recent survey
-
Brazil accuses Musk of 'disinformation campaign'Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
-
Disney board fends off Peltz infiltration bidSpeed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
-
Disney and DeSantis reach detenteSpeed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
