S&P 500, Nasdaq notch record highs as virus fears wane
- U.S. stock index futures rose on Tuesday as a top Chinese health adviser said the coronavirus outbreak may plateau in the next few weeks, while Sprint shares surged on hopes of favorable ruling for its merger with T-Mobile.
China’s foremost medical adviser on the epidemic said infections may be over by April, with the number of new cases already declining in some places, even as the death toll crossed 1,000. “Now it’s no longer a question of whether the coronavirus epidemic will lead to an economic slowdown, but how painful this slowdown will be,” said Lukman Otunuga, senior research analyst at FXTM.
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