Late surge lifts Wall Street stocks as virus hits economy


A board on the floor of the New York Stock Exchange (NYSE) on the floor of the New York Stock Exchange (NYSE). Wall Street stocks concluded a bruising week on a positive note, rallying as President Donald Trump declared the Covid-19 (coronavirus) outbreak a national emergency and set the stage for more testing in the United States. - AFP

NEW YORK: Wall Street stocks concluded a bruising week on a positive note, rallying as President Donald Trump declared the Covid-19 (coronavirus) outbreak a national emergency and set the stage for more testing in the United States.

A late-afternoon surge enabled the Dow to finish almost 2,000 points higher, or 9.4%, at 23,185.62, nearly reversing the losses from Thursday, when the blue-chip index suffered its worst session since 1987.

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