Wall Street soars on hopes of slowing coronavirus deaths - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABC News Online
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

Wall Street soars on hopes of slowing coronavirus deaths

On Sunday, New York reported virus-related deaths had fallen slightly from the previous day, the first instance in a week.

“Seeing the market soar the way it is, even though the fundamentals continue to be in free fall, the market is looking across the valley and saying ‘six months from now things will be on the ascent,’” said Sam Stovall, chief investment strategist at CFRA Research in New York. Even with the positive signs, US officials have braced the country for a “peak death week” from the pandemic, with the death toll topping 10,000.

Versace owner Capri Holdings surged 25.9% after saying it expects to open its stores after June 1 and that it would furlough all its 7,000 employees in North America.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Where is this Wall street🤔?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 32. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

More than 8 000 cases of coronavirus in Africa, 399 deaths: WHO - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Coronavirus has claimed 399 lives so far in Africa. According to statistics from the World Health Organisation, there are 8 916 confirmed cases of the virus on the continent. via SABCNewsOnline So wat Not so long it was 24 dead people jiki jiki its 399🙄🤷‍♂️ something ain't right
Source: SABC News Online - 🏆 32. / 51 Read more »

South Africa confirms 11 deaths of COVID-19 - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.On Sunday the total number of confirmed COVID-19 cases stand at 1655, this is an increase of 70 from the previously reported cases. FlattenTheCurve 👇 Only now? You guys are really delayed hei 😳 👀👀just wish people would listen
Source: SABC News Online - 🏆 32. / 51 Read more »

Africa could lose 20 million jobs due to pandemic - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.About 20 million jobs are at risk in Africa as the continent’s economies are projected to shrink in 2020 due to the impact of the coronavirus pandemic, according an African Union (AU) study. U are part of the problem. You're proud to call this nonsense news... You know its blacks... mostly South Africans Thought there was no jobs nje 🤦‍♂️😥😥
Source: SABC News Online - 🏆 32. / 51 Read more »

Weekend DIY project: boho-chic-inspired feature wallSPONSORED | Feature walls are a cost effective, but high-impact way to inject personality into your home. Watch how lifestyle blogger Karen Kelly worked with a Dulux colour expert to transform her TV room.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Southern Africa has cracked down on fake news, but may have gone too far - The Mail & GuardianIn response to the Covid-19 pandemic, Eswatini, South Africa and Zimbabwe have implemented new rules on disinformation. But these may have unintended consequences. 'including 'the freedom to seek, receive and impart information and ideas of all kinds'' - so if someone gets, say, 'covid is over' trending on Twitter, we should be okay with that? Slow day at the office, M&G? On Zimbabwe it's got nothing to do with COVID 19, they have always wanted to put a muzzle to what they call 'social media abusive'. Now they have a reason! Are you trying to bail out News24 for peddling fake news?
Source: mailandguardian - 🏆 2. / 92 Read more »

US stocks rise on hopes of slowing coronavirus deathsDow, S&P and Nasdaq up more than 5% after a drop in the daily death toll in New York
Source: BDliveSA - 🏆 12. / 63 Read more »