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Wall Street ignores fears, and Dow Jones reduces losses
Wall Street recovered some losses on Monday despite an increase in the number of Coronavirus infections, which threatens the economy to return to work.
The Dow Jones Industrial Average settled, after falling more than 300 points at the opening. The Standard & Poor's 500 gained 0.11%, while the Nasdaq added 0.60%.
The United States and China reported an increase in infections, and infections rose in Europe with the second wave of the virus, which could loom on the horizon as restrictions were lifted.
New York state governors and Texas threatened renewed closures.
New York State Governor Andrew Como said on Sunday that he would shut down the city if business failed to comply with restrictions on individuals, and individuals were unable to socialize, according to Bloomberg.
Wall Street continues to play down the damage to corporate profits.
Goldman Sachs said in a research note: "However, with the combination of improved cumulative data and a strong support policy this was enough to reassure the market for the future that profits will shorten the impact of the data."
Shares of some companies sensitive to the opening and economic closures reduced losses to support the market to rebound from the session's declines.
