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Monday, May 11, 2020

USA: Wall Street rebounds as Cuomo sets eyes on reopening

Wall Street rebounded from early losses on Monday after New York’s governor said parts of the state — which has been the epicentre of the US’s coronavirus outbreak — were ready to open and that other regions were “very close” behind.

The comments from Governor Andrew Cuomo pushed the S&P 500 into positive territory, though it only eked out a small gain at the closing bell. The remarks also helped lift the technology-heavy Nasdaq Composite 0.8 per cent for the day.

Read more at: Wall Street rebounds as Cuomo sets eyes on reopening | Financial Times