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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And there were several other developments: Some Democrats reportedly worry that an explosive economic recovery in the fall could revive President Trump’s lagging political fortunes — and boost his chance at reelection. Former Louisiana Gov. Bobby Jindal, in an interview on "Fox & Friends" Tuesday, alleged that Democrats are "willing to crush the economy" if it leads to a Trump defeat in November. Congress will have to give serious consideration to an additional financial package aimed at helping struggling transportation companies and mass transit systems, former Transportation Secretary Ray LaHood told the "Fox News Rundown" podcast. Another potential COVID-19 vaccine candidate has started clinical trial, as biotech company Novavax began to inject volunteers in Australia this week. The echoes of 9/11 ring louder than ever for Ed Donnelly amid the coronavirus pandemic. Donnelly is the brother of fallen New York firefighter Lieutenant Kevin Donnelly, and he compares the bravery of today’s coronavirus front-line responders to those on 9/11. Mitch Daniels, the former Republican governor of Indiana and current president of Purdue University, wrote in a Washington Post op-ed Tuesday morning that failing to reopen the university for students this fall would be "an unacceptable breach of duty." |
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MUST SEE VIDEO | Dr. Marc Siegel supports calls for Memorial Day weekend partiers at Missouri's Lake of the Ozarks to self-quarantine after not social distancing. |
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