Wall Street adds to its gains as hopes build for virus peak
By STAN CHOE AP Business Writer
NEW YORK (AP) — Stocks are higher in midday trading on Wall Street, though the gains faded slightly as the day progressed. The S&P 500 index was up nearly 2.5% after being up as much as 3.5% in the morning. It surged 7% a day before on encouraging signs that the coronavirus pandemic may be close to leveling off in some of the hardest hit areas of the world. The stock market is looking ahead to when economies will reopen after authorities shut down businesses and travel and issued stay-at-home orders in hopes of slowing the spread of the virus. Overseas markets also rose.