Stock Markets Surge as Infections Approach Peak Levels U.S. officials have warned this week could be the <br />'hardest and saddest' of the COVID-19 outbreak. Still, both U.S. and global stock markets soared Monday as investors grasp<br />overseas progress against the coronavirus. South Korea is beginning to show low numbers of new cases and China's massive economy is rumbling back into action. The Dow Jones, S&P 500 and NASDAQ <br />have each climbed 5.7, 5.6 and <br />5.5 percent, respectively. Traders are looking for signs of encouragement amid the doom <br />and gloom around the country. New York, the epicenter of the U.S. outbreak, reported its first daily decline in coronavirus deaths, but Governor Andrew Cuomo cautioned this could be a 'blip.' Deaths in the U.S. are closing in on 10,000 and unemployment insurance claims have topped 10 million in the past two weeks.
