Dow rises 369 points as last USA state begins reopening

The New York Stock Exchange

Japan's Topix index was down 0.1%. Netflix closed 2.6% lower, while Alphabet and Apple dipped 0.2% and 0.8%, respectively. In crowded cities it is hard to maintain social distancing.

Yoshimasa Maruyama, chief economist at SMBC Nikko Securities, said the lifting of the emergency could come as soon as later this month.

"What we don't know is what the shape or timescale of the recovery will be", he said. Small-company stocks fared better than the rest of the market.

The Australian share market is likely to edge lower in early trade after Wall Street closed down following fresh tensions between the USA and China. Moderna said Monday that an early stage vaccine trial had shown positive results, with all 45 participants developing Covid-19 antibodies.

The benchmark US 10-year notes fell 1.8 basis points to yield 0.6541%. Losses in banks, health care stocks and household goods companies accounted for a big portion of the selling.

Investors are betting that the economy and corporate profits will begin to recover from the coronavirus pandemic as the US and countries around the world slowly open up again. The Nasdaq Composite was up 181.84 points, or 1.98%, at 9,366.95.

Coronavirus: Golf, tennis set to resume in Scotland
Speaking to the Scottish Parliament, the First Minister admitted that the current lockdown was "creating harms of its own". Ms Sturgeon began her briefing to MSPs by announcing that there are now an estimated 25,000 infected people in Scotland.

The Dow Jones Industrial Average climbed 911.95 points, or 3.85%, to 24,597.37. The Nasdaq Composite dropped 0.97 per cent, to 9,284.88. The Russell 2000 index picked up 6.1%, to 1,333.69.

The market is getting some insight into how companies are navigating the economic fallout from the coronavirus this week as several retailers report quarterly results. An additional 2.4 million would bring that total to 38.87 million.

The discount chain's shares jumped 7.6% to a more than two-month high and were the biggest boost to the benchmark S&P 500 after it flagged strong sales at its stores that had reopened post-coronavirus lockdowns. Markets closed mostly higher in Asia.

Shares of Home Depot fell almost 3 percent after the United States home improvement retailer reported first-quarter earnings that missed consensus estimate. fell by 3.2%. Benchmark U.S. crude for July delivery rose $1.53, or 4.8%, to settle at $33.49 a barrel. It gained 31 cents to $31.96 on Tuesday. July Brent crude oil, the global standard, vaulted 7.1% to $34.81 a barrel.

North American stock markets surged higher in late-morning trading and the price of oil rose as businesses have slowly started to open up again after being shut down due to the pandemic.

The dollar traded in a narrow range as investors weighed the impact of global business lockdowns and the euro's four-day rally against the US currency ran out of steam. At the end of the previous trading session capitalization of the company decreased by 10.4% after the medical edition Stat questioned her of the results of the first phase of testing the vaccine against the coronavirus.

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