Futures surge on early signs of coronavirus slowdown in hot spots
FILE PHOTO: A nearly deserted Wall Street and the steps of Federal Hall are seen in lower Manhattan during the outbreak of the coronavirus disease in New York City, New York, U.S., April 3, 2020. REUTERS/Mike Segar
Despite the strong start to the week, the S&P 500 remains about 19% below its mid-February record high, as strict stay-at-home orders crushed demand across industries and sparked mass staff furloughs. At 10:19 a.m. ET the Dow Jones Industrial Average was up 508.74 points, or 2.24%, at 23,188.73, the S&P 500 was up 48.52 points, or 1.82%, at 2,712.20 and the Nasdaq Composite was up 101.38 points, or 1.28%, at 8,014.61.
Oilfield services firm Halliburton Co said it would cut about 350 jobs in Oklahoma and that its executives would reduce their salaries.
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