The TSX's benchmark index was up by 500 points or about four per cent in afternoon trading. New coronavirus infections and deaths are showing signs of slowing in Italy and Spain. That was enough to launch stocks higher, even though the U.S. is still bracing for a surge of upcoming deaths due to COVID-19. The S&P 500 was up 5.6 per cent as all but 15 companies on the broad U.S. index were higher. The yield on the 10-year Treasury yield rose to 0.66 per cent from 0.58 per cent late Friday.

Source: CBC News April 06, 2020 14:37 UTC