Wall Street claws back more of its losses on stimulus hopes

NEW YORK (AP) — Stocks are rising Monday, as hopes for economic aid from Washington help Wall Street shake off its initial reaction to sell after President Donald Trump tested positive for the coronavirus.

The S&P 500 was 1.4% higher in late morning trading on solid gains from technology, health care and financial companies. The gains were also broad, with 10 of 11 sectors in the index rising.

Treasury yields, stocks overseas and oil were all climbing after Trump and House Speaker Nancy Pelosi both noted the importance over the weekend of additional support for the economy. Trump’s doctors also said he may leave the hospital soon, though his condition remains clouded in uncertainty.

The Dow Jones Industrial Average was up 378 points, or 1.4%, at 28,063 as of 11:29 a.m. Eastern time, and the Nasdaq composite was 1.7% higher. The lift follows through on a comeback that helped markets

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