NYSE trading floor reopens after coronavirus shutdown, stocks soar
U.S. equity markets surged to their best levels in months as states continued to reopen and traders returned to the New York Stock Exchange for the first time since shutting down on March 23 to slow the spread of COVID-19.
The Dow Jones Industrial Average rallied more than 600 points, or 2.45 percent, in the opening minutes of trading, while the S&P 500 and the Nasdaq Composite were higher by 2.20 percent and 1.84 percent, respectively. At least five states are taking steps to ease lockdowns on Tuesday, with Michigan allowing retail businesses to open by appointment and Arkansas letting freestanding bars unlock their doors.
This, after a new study out of Singapore suggests COVID-19 patients are not infectious 11 days after getting sick. In support of their findings, researchers noted that a separate study out of Germany found "the degree of viral shedding was very high in the first week of symptoms.”
Meanwhile, there is some new optimism in the treatment of the coronavirus. The results from a National Institutes of Health clinical trial support the use of the antiviral drug remdesivir in treating coronavirus after data pointed to improved recovery time for hospitalized COVID-19 patients. Though remdesivir has not received formal approval, hospitals nationwide have administered the drug to some critically ill coronavirus patients after a federal shipment was delivered earlier this month.
Farmers in North Carolina are being forced to euthanize 1.5 million chickens following outbreaks of the novel coronavirus at meat processing plants across the state, an official has revealed.
And a mysterious inflammatory syndrome tied to COVID-19 that has been reported in children is now also turning up in young adults in their early 20s, according to news reports.
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America Together: Send us your photos and we'll tell your story as the nation battles coronavirus.
And there were several other developments:
The Dow Jones Industrial Average rallied more than 600 points, or 2.45 percent, in the opening minutes of trading, while the S&P 500 and the Nasdaq Composite were higher by 2.20 percent and 1.84 percent, respectively. At least five states are taking steps to ease lockdowns on Tuesday, with Michigan allowing retail businesses to open by appointment and Arkansas letting freestanding bars unlock their doors.
This, after a new study out of Singapore suggests COVID-19 patients are not infectious 11 days after getting sick. In support of their findings, researchers noted that a separate study out of Germany found "the degree of viral shedding was very high in the first week of symptoms.”
Meanwhile, there is some new optimism in the treatment of the coronavirus. The results from a National Institutes of Health clinical trial support the use of the antiviral drug remdesivir in treating coronavirus after data pointed to improved recovery time for hospitalized COVID-19 patients. Though remdesivir has not received formal approval, hospitals nationwide have administered the drug to some critically ill coronavirus patients after a federal shipment was delivered earlier this month.
Farmers in North Carolina are being forced to euthanize 1.5 million chickens following outbreaks of the novel coronavirus at meat processing plants across the state, an official has revealed.
And a mysterious inflammatory syndrome tied to COVID-19 that has been reported in children is now also turning up in young adults in their early 20s, according to news reports.
.
Tell others how they can get the latest news on coronavirus and more delivered daily to their inbox. Sign up here.
America Together: Send us your photos and we'll tell your story as the nation battles coronavirus.
And there were several other developments:
