to isolate themselves for 14 days if they start
experiencing symptoms.
MARKETS
Global stock markets rebounded from record-
setting declines after President Donald Trump
said he would ask Congress for a tax cut
and other measures to ease the pain of the
spreading coronavirus outbreak. The Dow Jones
Industrial Average, the S&P 500 and the Nasdaq
all closed about 5% higher.
Oil prices surged a day after they plunged 25%
amid a price war between producers Saudi Arabia
and Russia. Benchmark U.S. crude climbed $3.23,
or 10.4%, to settle at $34.36 a barrel.
Perhaps the most notable market move was that
Treasury yields also pushed higher in a sign that
fear has receded a bit, though they remain far
below where they were even a week ago. The
10-year Treasury yield rose to 0.79% from 0.49%.
A week ago, it had never been below 1%.
MEETING ON MARKETS
The Treasury Department said the President’s
Working Group on Financial Markets had a
conference call to discuss markets conditions
following more than a week of turbulence.
Treasury Secretary Steven Mnuchin, Federal
Reserve Chairman Jerome Powell, SEC Chairman
Jay Clayton and other financial regulatory
officials “shared updates on the resilience of the
markets and the economic impact of COVID-19,”
Treasury said in a statement.
The working group often convenes to review
market operations during periods of sharp