As the COVID-19 pandemic appears to be slowing down in some US states, according to Donald Trump, Wall Street has opened higher with the Dow Jones Industrial Average rising 641.10 points, or 3.05%, to open at 21,693.63.
The S&P 500 jumped by 89.63 points, or 3.60%, to 2,578.28. The Nasdaq Composite gained 287.09 points, or 3.89%, to 7,660.17 at the opening bell.
The trading data comes after White House COVID-19 Response Coordinator Deborah Birx told reporters during a briefing that US officials were hoping the coronavirus mortality rate throughout the country would stabilise due to the restrictions already introduced.
On 4 April, Trump said that the number of COVID-19 deaths would be on the rise this and next week. The US president admitted that the coming week and a half or two weeks were going to be hard but said that the government hoped the country would "stay under the minimum number" of deaths projected earlier (100,000).
The United States has the third highest death toll from COVID-19 in the world (over 9,600 fatalities), it is surpassed only by Italy (over 15,880 deaths) and Spain (more than 12,600 deaths). New York City alone has registered over 2,250 deaths from COVID-19.