The number of new cases over the weekend in New York City, the U.S.’s epicenter for the virus, rose by 30.4 percent versus last week, down from a 46.1 percent jump the week prior.
The major futures indexes are indicating a decline of 1.3 percent when trading begins.
The Dow Jones Industrial Average rose over 469 points, or 2.2. percent.
The Dow, which through Monday had fallen almost 22 percent this year, was on track for its biggest quarterly decline since 1987.
Monday’s advance comes after President Trump on Sunday evening announced the extension of social distancing guidelines through at least April 30.
On Thursday, Wall Street appeared to shrug off miserable news on unemployment as the S&P 500 rose 6.2 percent, bringing its three-day rally to 17.6 percent.
U.S. equity markets surged Tuesday morning amid investor optimism that members of Congress will overcome their differences to reach a deal on a $1.6 trillion COVID-19 stimulus package.
U.S. equity markets battled higher Wednesday morning after lawmakers struck a deal on a $2 trillion stimulus measure to provide aid to those most severely impacted by the COVID-19 pandemic.
U.S. equity markets slid Monday after the Federal Reserve announced "extensive new measures" to support the U.S. economy.
The Dow Jones Industrial Average climbed 134 points, or 0.7 percent, while the S&P 500 and Nasdaq Composite rose 1.01 percent and 1.6 percent, respectively.
As the novel coronavirus global pandemic widens and worsens, the New York Stock Exchange is closing its iconic trading floor in Manhattan as well as two others and will move to fully electronic trading on Monday, March 23, its operator announced on Wednesday.
A police officer in New York City has tested positive for COVID-19.
U.S. equity markets opened higher Tuesday as investors tried to claw back some of their losses from the steepest one-day slide since the Black Monday crash of 1987.
U.S. equity futures plunged limit down after the Federal Reserve took emergency action on Sunday evening.
JPMorgan Chase now is forecasting the U.S. economy will shrink at a 2% annual rate in the current quarter and 3% in the April-June quarter.
Stocks are opening sharply higher on Wall Street a day after the worst drop since 1987.
Stocks are sinking again Wednesday, wiping out half of a huge rally from a day earlier as Wall Street continues to reel on worries about the coronavirus.
Fox Business reported that the NYSE is exploring a contingency that would including closing the trading floor.
A retired FDNY firefighter who helped recover his brother's body at Ground Zero after the 9/11 attacks has died of cancer.
Popular doughnut brand Krispy Kreme plans to open six shops in New York City in 2020.