US stocks end higher on improving virus outlook

NEW YORK: Wall Street stocks finished solidly higher Tuesday as markets embraced better coronavirus case counts in some hotspots, even as banking earnings pointed to economic weakness.The broad-based S&P 500 jumped 3.1% to 2,846.06, while the tech-rich Nasdaq Composite Index surged 4% to 8,515.74.

Some international markets, including Italy and Austria, have relaxed some lockdown measures as US officials begin to tackle the question of how to safely reopen the economy.The International Monetary Fund said the downturn will slash US$9 trillion from the global economy in the worst downturn in almost a century.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dow, S&P 500 slide as focus shifts to earnings, Nasdaq gains | Malay MailNEW YORK, April 14 ― The Dow and S&P 500 fell yesterday as US companies prepared to kick off a quarterly earnings season expected to be rough due to the coronavirus pandemic, while Amazon.com gains helped the Nasdaq end higher. Stocks pared losses late in the day, with the Nasdaq registering...
Source: malaymail - 🏆 1. / 86 Read more »