Why Alphabet, Facebook, and Twitter Stocks Soared Monday
After saying last week that we will face a "very, very painful" two weeks of mounting COVID-19 infections and deaths, President Trump now says that we are approaching the "light at the end of the tunnel."
Both statements may be correct. According to the latest data from Johns Hopkins University, total global cases of coronavirus infection jumped from 1.2 million to 1.3 million Sunday to Monday. At the same time, the rate at which new cases accrued dropped significantly, with about 17,000 fewer new cases recorded by end of day Monday than we saw on Sunday, including 9,000 new cases in the U.S.
And it's that latter data point that investors focused on today.
Source Fool.com
