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Coronavirus financial updates: Futures on US financial markets account for opening spike


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Coronavirus financial updates: Futures on US financial markets account for opening spike

The health crisis has quickly turned into an economic one. April 6, 2020, 12:39 PM2 min read The coronavirus pandemic has quickly evolved from a health crisis to a financial one, shuttering businesses, upending entire industries and sending financial markets reeling. Here’s the latest news on how the COVID-19 crisis is affecting the economy. For…

Coronavirus financial updates: Futures on US financial markets account for opening spike

The health crisis has quickly became an financial one.

Catherine Thorbecke

April 6, 2020, 12: 39 PM

2 min learn

The coronavirus pandemic has quickly developed from a health crisis to a financial one, shuttering businesses, upending whole industries and sending financial markets reeling.

Here’s the most modern files on how the COVID-19 crisis is affecting the financial system. For more on financial sources readily accessible throughout the pandemic, click on here.

Here’s how the day is unfolding. Please refresh for updates.

Futures on US financial markets account for opening spike

Futures on U.S. financial markets pointed to a gap surge Monday morning.

Futures on the Dow Jones Industrial Moderate were up higher than 700 aspects, or 3.4%. Futures on the S&P 500 were up 3.5%.

The rally comes as traders welcomed some signs over the weekend that the COVID-19 outbreak modified into once nearing its peak in sure parts of the U.S.

In Novel York, the sequence of deaths within the state dropped from the day old to this and Gov. Andrew Cuomo suggested the state would possibly well even be “end to the apex” of the crisis.

“We’re looking out at this severely now on yarn of by the knowledge we would possibly well even be very end to the apex or the apex on the whole is a plateau and we would possibly well even be beyond that plateau staunch now,” Cuomo said at a files conference Sunday. “We would possibly well no longer know except we roar the next few days, does it toddle up or does toddle down, that’s what the statisticians will dispute you this day.”

Cuomo also said the total sequence of hospitalizations within the previous 24 hours fell to 574 from a excessive of 1,412 correct 5 days within the past.

He said the downward pattern modified into once “in part a goal of more of us being discharged,” and that 75% of the of us which bear gone into the sanatorium system bear recovered and were discharged.


ABC News


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