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 coronavirus pandemic in the US for more than a month — were ready to open on Monday and that other regions were “very close” behind.
The comments from governor Andrew Cuomo pushed the S&P 500 into positive territory and helped lift the technology-heavy Nasdaq Composite 1 per cent for the day.
The gains were led by healthcare and technology stocks, with Gilead, Biogen and AbbVie each up more than 3 per cent. Shares of Intel, Apple and Microsoft all rose 1 per cent or more.
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