Stock market live Monday: Dow rises nearly 700, J&J vaccine hope, oil 18-year low

Stocks traded higher on Monday, building off of last week's historic rally, where the Dow Jones Industrial Average and S&P 500 post their best 3-day win streaks since the 1930s. Sentiment was helped after President Donald Trump said national social distancing guidelines have been extended to April 30 and by optimism around a coronavirus treatment.4:22 pm: Monday's rally by the numbersThis month: the Dow is down 12.2%, on pace for its worst month since Oct 2008 when the Dow lost 14.

This quarter, the S&P 500 is down 18.7%, on pace for its worst quarter since the fourth quarter of 2008 when the S&P 500 lost 22.56% and its worst first quarter since 1938 when the S&P lost 19.43%This month: Nasdaq is down 9.43%, for its worst month since Dec 2018 when the Nasdaq lost 9.48%4:01 pm: Stocks close near session highs, Dow up 600 points

. A 6% drop in Boeing shares capped the gains in the 30-stock average.The S&P 500 rose 3.35% and the Nasdaq rose 3.62%. —With about one hour left in the trading session, the major averages were headed for strong gains as they built on last week's rally. The Dow was up more than 500 points, or 2.5%. The S&P 500 and Nasdaq were up 2.9% and 3.1%, respectively. Stocks rose after President Donald Trump extended national social distancing guidelines to April 30.

Despite WTI's 55% slide this month, some analysts think there could be even more downside ahead. Raymond James analyst John Freeman said on Monday that a "nightmarish scenario" has been created and crude could "test the $10/bbl threshold.

KyivPost “Clean your books ASAP !!!”

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XRPbrainstorm Yeah love your acurate news staff

Fed (your tax$) was propping up retail restaurants/group & now moving onto airlines/hotels. Ackman & smart money just rotated out of retail restaurants, as the dumb money will sell on the way down to test lows of 2008. Retail Armageddon?

Either we got played or we’re back to 2008 Great Recession

Great! That’s priced in!! Time to pump the markets!

well at least J&J may have a vaccine by September, that would be nice

This has been going on for like two months and he just realizes that their will be bankruptcy! smh

Totally agree but bankruptcies will take time and give false hope to market & set up for deeper crash.

Meanwhile this guys insurance company is screwing travelors left and right due to u cannot cancel a trip over a pandemic...

Bankruptcies are not all alike; he's not differentiating between them. The US will survive 10's of thousands of restaurant bankruptcies better than one large corporation in a vital industry.

Cross your fingers that the corporate bailouts and small business loans have enough juice to June stevenmnuchin1

elerianm thank you for your information. Stay safe👍🏻

Joe should probably consider a shirt neck size a little bigger. He looks like a tick about to pop.

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