( Reuters) – Wall Street rose on Tuesday as early indications of a slowdown in coronavirus cases in U.S. locations raised hopes that sweeping lockdown measures to include the outbreak were working.
SUBMIT IMAGE: An almost deserted Wall Street and the steps of Federal Hall are seen in lower Manhattan throughout the outbreak of the coronavirus illness (COVID-19) in New York City City, New York City, U.S., April 3,2020 REUTERS/Mike Segar
The S&P 500 was set for its most significant two-day gain in nearly two weeks, building on a 7%jump on Monday, as the governors of New york city, New Jersey and Louisiana indicated tentative signs of a plateauing in the pandemic.
Early gains were led by the energy, financials and materials sectors, with an aggressive round of fiscal and financial stimulus in the previous month likewise increasing danger appetite.
In spite of the strong start to the week, the S&P 500 remains about 19?low its mid-February record high,