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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks surged Monday, staging a dramatic comeback after an historically bad week as markets cheered news that global finance heavyweights plan a coordinated response to the coronavirus epidemic. The Dow Jones Industrial Average jumped 5.1 percent, a gain of nearly 1,300 points, to end the day at 26,703.32 after the index shed more than 12 percent last week. The broad-based S&P 500 bounced back 4.6 percent to finish at 3,090.23, while the tech-rich Nasdaq Composite Index advanced 4.5 percent to 8,952.16. Stocks slumped last week as the virus spread to more countries, raising the prospect of the sort of lockdowns that have brought parts of China to a halt. Globally the death toll has topped 3,000 and includes six fatalities in the United States, all in Washington state. US stocks were in the green most of the day, but trading was hesitant in stretches, in the wake of news of the first confirmed case in New York city. But stocks had a strong finish to the session following the announcement that US Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell will lead a conference call with their G7 counterparts on how to respond to the virus. "It's been an extremely oversold market and there's expectations for all kinds of fiscal and monetary easing," said Karl Haeling of LBBW. Analysts expressed caution about what lies ahead given the uncertainty over the virus and how it could weaken economic activity. A US survey of manufacturers released Monday showed weaker than expected activity due to coronavirus, with more impact expected. The winners on Wall Street were fairly broad-based with all 30 members of the Dow finishing positive. The biggest gainers included Apple, up 9.3 percent, Walmart, up 7.6 percent, UnitedHealth, up 7.2 percent and Microsoft, up 6.7 percent. But many travel stocks remained pressured, including American Airlines, down 1.0 percent, United Airlines, down 0.5 percent, and cruise companies Carnival and Norwegian Cruise Line, which dropped 1.2 percent and 4.5 percent, respectively. jmb/hs
schema:headline	Dow ends up 5.1% as US stocks bounce back after rout
schema:mentions	Washington Mystics United States Secretary of the Treasury Steven Mnuchin Norwegian Cruise Line S&P 500 Index Dow Jones Industrial Average American Airlines United Airlines Carnival Federal Reserve Group of Seven Ebola virus disease Apple Inc. Microsoft Walmart City United States China Severe acute respiratory syndrome coronavirus 2 UnitedHealth Group Landesbank Baden-Württemberg Quantitative easing New York Liberty Jerome Powell NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-02 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	56 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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