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Stock impact report

Stocks surge 7% on signs new virus deaths could be slowing [ABC News]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: ABC News
NEW YORK -- A worldwide rally gained steam on Wall Street Monday, propelling major indexes up more than 7%, as traders cheered glimmers of hope that the deadliness of thecoronavirusTHIS IS A BREAKING NEWS UPDATE. AP’s earlier story is below:Stocks around the world jumped Monday after some of the areas hardest hit by the coronavirus offered sparks of hope that the worst of the outbreak may be on the horizon.Gains accelerated throughout the day, and U.S. stocks were up about 5.5% in afternoon trading. Markets in Europe and Asia also rose nearly as much. In another sign that investors are feeling more optimistic about the economy’s path, they sold bonds and the yield on the 10-year Treasury rose toward its first gain in four days.New coronavirus infections and deaths are showing signs of slowing in Italy and Spain. The center of the U.S. outbreak, New York, also reported the number of daily deaths has been effectively flat for two days. That was enough to launch stocks higher, even thoug Show less Read more
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