Dow jumps 900 points on Monday morning

Markets rally after week of sell-offs

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Wall Street
Wall Street
(Spencer Platt / Getty Images)
Last Updated:
April 6, 2020 - 9:38am

The Dow leapt 920 points as U.S. markets opened on Monday morning. The S&P 500 rose 3.86%.

The market's gains are attributed to steadily decreasing death rates across Europe, and the beginning of what could be hospital stabilizations in New York, where the novel coronavirus has taken a particularly deadly toll.

Oil prices dipped slightly on Monday, despite reports that Russia and Saudi Arabia are close to closing a deal to end the price war that has caused a 55% decrease in oil barrel prices over the last month.