The Dow Jones Industrial Average rose 469.93 points or 2.24 per cent to 21,413.44, the S&P 500 gained 56.4 points or 2.28 per cent to 2,526.9 and the Nasdaq Composite added 126.73 points or 1.72 per cent to 7,487.31.
Analysts foresee a further decline in US stocks as country-wide shutdowns to limit the spread of the virus result in a virtual halt in business activity and force companies to lay off employees and save cash. "Overall this is a little bit of a victory in and of the fact that it was such a bad number and the market did kind of shake it off. It is also the market preparing for a lot more bad numbers," said Mr Kinahan.
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