The US stock market has experienced a number of fluctuations as the United States has recorded the greatest number of coronavirus cases in the world. However, the markets rebounded slightly on the hope of a decline in new infections.
US stocks surged during early trading on Wall Street, with major indices opening higher on hopes of a slowdown of the coronavirus.
The Dow Jones Industrial Average jumped to 23,537.44, whereas the S&P 500 climbed to 2,738.65. The Nasdaq Composite, in turn, went up to 8,129.99 after the trading session began.
The US stocks, which have seen a number of sharp plunges over the past week, have started to climb up amid hopes that the strict lockdown measures have been efficient in containing the spread of the coronavirus.
The hardest hit US states have reported a stabilisation in the coronavirus spread, according to Politico.
Andrew Cuomo, the governor of the worst hit state, has said that the mortality rate in the area has stabilised.
President Trump previously raised hope that the decline in fatalities might signal that the United States will not have to face the forecast of 100,000 deaths. The United States has registered 368,533 coronavirus cases. Some 11,008 people have died, while 19,972 people have recovered, according to Johns Hopkins University, as of 4:42 pm on 7 April.
Sourse: sputniknews.com
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