Investors See Upside of Pandemic Numbers

Stocks shoot up 3.4%
By Newser Editors and Wire Services
Posted Apr 8, 2020 3:15 PM CDT
Stocks Shoot Up 3.4%
In this photo taken from video provided by the New York Stock Exchange, Kevin McSpedon, Assistant Chief Electrician, rings the opening bell at the NYSE, recognizing Sandi Vandiver, associate at a Walmart Supercenter in Bentonville, Arkansas, Wednesday, April 8, 2020.   (New York Stock Exchange via AP)

Stocks shot 3.4% higher Wednesday on Wall Street as investors chose to focus on the optimistic side of data about the coronavirus outbreak's trajectory, the AP reports. It's the latest about-face in this brutally volatile stretch for the US stock market, which has flip-flopped between gains and losses for six straight days. The up moves have recently been bigger than the downward swings, though, amid signs that deaths and infections may be nearing a peak or plateau in some of the world’s hardest-hit areas. The S&P 500 has jumped nearly 23% since it hit a low two and a half weeks ago. (Read more Wall Street stories.)

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