US Stock Futures on the Upswing Following Massive Economic Rebound

Trump Extends Coronavirus Social Distancing Guidelines To April 30 Stock Futures Fall

Trump Extends Coronavirus Social Distancing Guidelines To April 30 Stock Futures Fall

All the 11 primary S&P 500 sectors traded higher, with technology and health care both up more than 3 percent around midday, outpacing the rest.

The healthcare sector was the second-biggest boost to the benchmark index as progress on coronavirus vaccines and tests being developed by Johnson & Johnson and Abbott Laboratories lifted their shares by about 4% and 10%, respectively.

Abbott Laboratories sailed more than 10 percent higher after receiving USA approval for a diagnostic test that can detect coronavirus in minutes.

United States stock markets opened higher on Monday, as investors braced for another volatile week after President Donald Trump abandoned the idea of getting the economy back up and running by Easter and extended social distancing guidelines through the end of April. The Dow Jones shot up nearly 700 points, while the S&P 500 and Nasdaq also shot up, 3.2 percent and 3.3 percent, respectively.

"You are looking for a way to re-enter the market on stocks that are going to give you an opportunity to participate", said Phil Blancato, CEO of Ladenburg Thalmann Asset Management in NY.

Stocks rose for the fourth time in five days, with all 11 S&P industry sectors ending higher, as investors looked past dismal US economic data: Dow +3.2%, S&P 500 +3.3%, Nasdaq +3.6%.

Victoria's on-the-spot fines for breaching 2-person rule at $1652
Police have conducted 3867 checks since March 21, but no one has been charged with refusing or failing to comply with a direction. A very stern and direct Andrews asserted "I have a very simple message today - stay at home", at a press conference this morning.

Trump said that the guidelines aimed at slowing the spread of the coronavirus will be extended to April 30.

The crisis has so far knocked $7.4 trillion off the value of S&P 500 companies and without any clarity on how long it will take to quell the outbreak, Wall Street's main indicators of future volatility remain at high levels. Upcoming data is likely to confirm damage to the economy, but how much has been priced in by the market remained to be seen.

JPMorgan Chase & Co said on Saturday it expected real US gross domestic product (GDP) to fall 10% in the first quarter and plunge 25% in the second quarter.

Advancing issues outnumbered declining ones on the NYSE by a 1.56-to-1 ratio; on Nasdaq, a 1.67-to-1 ratio favored advancers.

Abbott Laboratories was the top gainer among S&P 500 components, rising almost 10% after it won USA approval for a diagnostic test that can detect coronavirus in minutes.

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