That converted the selloff into a rally. Then came news that European Manufacturing is recovering rapidly from the virus lockdown. That helped the market. Look at it go. The dow is going to be up close to 300 points at the open. The s p, 31. The nasdaq, very solid gain, 70 points. Now, heres another reason for the rally. Big tech, it continues its run. You are looking at premarket prices for apple, microsoft, facebook and netflix, amongst others, all four hit record highs monday. The big tech surge dominates the market. Big tech is pushing higher. Investors this morning ignoring scenes like this. Chaos in d. C. Last night. Right outside the white house, demonstrators vandalized a church, they tried to pull down the statue of Andrew Jackson and they also tried to establish their own seattlelike autonomous zone. This is happening in our Nations Capital right in the center of government. The president s had something to say about this. He obviously doesnt like it. But no word yet from joe
Easy on off switch to reopening the state. And libyas internationally recognized government says it seized control of 3 cities from ward valley for how to. Follow the World Health Organization has warned countries against prematurely lifting the lockdowns saying Public Health measures must be in place before restrictions can be eased it comes as nations across the globe try to balance the economic fallout from the coronavirus against continued confinement in the past hour france has announced its extending its lockdown until may the 11th president says the country was not sufficiently prepared for the outbreak but numbers are beginning to steady well as his neighbors spain and italy are relaxing their restrictions construction and manufacturing sectors have been allowed to reopen in spain some Small Businesses can reopen in italy from tuesday south korean officials are investigating a resurgence in the number of recovered patients again testing positive the possibility of the corona vi
Violating a curfew is more than a 1000000000 people go under lockdown for 21 days over the pandemic. And spain has recalled its worst day yet of the corona virus pandemic with more than 700 new deaths and that means more people have died in italy in china in italy than in china where the virus began in the past 24 hours a number of deaths has surged to almost 3500 nearly 48000 people have been infected and only its lead has seen a greater loss of life lets go straight to mt however who is live for us in madrid and mark so we look to the death toll we hope to see a drop but no we have 700 new just in 24 hours and as i say anything greater loss of life. Yes named as you was saying according according to spanish officials 738 new this have been reported in just 24 hours these mean does means were only taking china and spain is becoming the 2nd contrie will wind with the highest death toll also in spain the number of people infected by corona virus has increased to a 20 percent to nearly 8
Points. We thought it would be a huge bounceback day, it might be, you never know but another point as the intraday of the dow we actually went negative. Were back up 120. Up and down we go. Deirdre bolton trying to keep track of it all. Joins us from the new york stock exchange. Like im on a ham sister wheel, connell. We had 950 point gain. When Vp Mike Pence said essentially every american will be covered for coronavirus testing. You saw, that, that is where viewers can see a little bit after green, kind of blip up on the dow. Were still nowhere near where we were at the highs of the session. Let me tell you what is moving markets at least by group. The groups that are supporting whatever rallies you are seeing. You have info tech. You have Financial Companies and industrials. Now on the other side with really weighing on the market, utilities, Consumer Staples and energy which is a little bit interesting, because out of the gate this morning, connell, energy, they were the superstar
Appear to be lockdowns in a number of italian cities, thats reason enough for not only in this country but certainly in europe for hotels, airline stocks, casinos, and cruise lines to be taking it on the chin here. What is interesting, before i get the read here in the United States, is what has happened to European Airlines like easyjet. That is the discount budget carrier. That is down an excess of 13 . Ryanair, 13 . Deutch lufthansa close to 10 . Air franceklm, about 9 . I could go on but just to i illustrate what is impact here on percentage term is bigger impact there the selloff is revisiting session lows. Right out of the gate we were down close to 1000 points. Right now, the dow underwater for the year with 922 point hit. Deirdre bolton at New York Stock Exchange. Reporter neil, were negative on the dow and awfulally close on s p 500. We need to hit 107 lower to completely wipe out the gains from 2020. Let me tell you some groups. You covered some weighing on these markets. If