Vigilance urged as outbreak shows signs of leveling off in New York, New Jersey

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NEW YORK - Governors of New York, New Jersey and Louisiana pointed to tentative signs on Monday that the coronavirus outbreak may be starting to plateau but warned against complacency as the death tol

l nationwide topped 10,000 and the number of known infections surpassed 360,000.

The tentative signs of progress sent U.S. stocks up sharply, with all major indexes closing at least 7% higher on the day. Despite Monday's bounce, the broad-based S&P 500 remained down more than 21% from its Feb. 19 peak, compared with its March low, when it was off 30 percent from its apex. "New hospital admissions are trending downward," he told an afternoon news conference. "But this will only become a trend if we keep mitigation efforts up."

White House medical experts have forecast that between 100,000 to 240,000 American lives may be lost in the pandemic, even if sweeping orders to stay home are followed.Despite the upbeat signs, a national U.S. health official said the country was entering what is likely to be its most lethal week of the pandemic.

Political leaders and medical professionals have voiced alarm for weeks over crippling scarcities of personal protective gear for first-responders and front-line healthcare workers, as well as shortages of ventilators, drugs and other supplies.

 

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