Markets continue their rally as coronavirus headlines turn hopeful

The Dow leapt 800 points as the markets opened Monday morning. The S&P 500 rose 3.6%. 

U.S. stock futures were also in early trading, as global markets try to capitalize on Wall Street’s Monday rally, in which the Dow gained about 1,600 points.

The continuing signs of health in the markets are in large part due to a wave of news reports indicating that the coronavirus outbreak may be nearing peak in many of the hardest hit areas – including New York City.

Asian markets had a good day, followed by European markets, which were trading about 3% up.

Major airlines saw a bounce before the bell this morning, despite all trading at least 50% lower than their mid-February positions. While Airbus and Boeing have halted work at many of their factories this week, U.S. airlines have cut their domestic flights.

The United Kingdom’s Prime Minister, Boron Johnson, remained in intensive care on Tuesday morning due to coronavirus symptoms that worsened on Monday afternoon. He is reportedly in stable condition and good spirits.