Stocks shot to a 3.4 percent gain on Wall Street Wednesday as investors chose to focus on the optimistic side of data about the coronavirus outbreak’s trajectory. The S&P 500 climbed by 90.57 points, or 3.4 percent, at 2,749.98. For some investors, its rally of more than 20 percent since March 23 means a new “bull market” has been born. Others, though, want to see the gains hold for six months before confirming a new bull market. The Dow Jones Industrial Average added 779.71 points, or 3.4 percent, at 23,433.57 and the Nasdaq was up 203.64, or 2.6 percent, at 8,090.90.-AP

Source: The Standard April 09, 2020 03:00 UTC