Dow Jones jumps over 1,000 points on coronavirus slowdown hopes

The major US stock indices opened higher on Monday, on hopes about the US war against the coronavirus pandemic.

The US health agencies showed that deaths in New York has showed slowdown signs, while President Donald Trump expected the pandemic to reach its peak in coming days, with infections and deaths slowing afterwards.

The number of deaths in New York reached 594 victims on Sunday, lower than Saturday's 630 victims.

Jimmy Damon the JP Morgan CEO expressed that he thinks the US will emerge from the coronavirus battle stronger than before.

As for stocks, Dow Jones rose 5% or 1050 points to 22,102 as of 14:01 GMT, Nasdaq rose 4.6% or 340 points to 7,713, and S&P 500 added 5% or 120 points to 2,608.