President Donald Trump’s decision to keep coronavirus safety guidelines in place until April 30, coupled with some promising developments from health companies, has helped calm some of the angst in the stock market, for now.
Stocks were up about 2% Monday morning, and health care was best-performing sector, up 3.6%. Johnson & Johnson jumped more than 6% after the company announced it had a vaccine candidate. Abbott Labs stock also popped on news the company would be able to provide 50,000 test kits a day that could detect the virus in a matter of minutes.
