Stocks – Wall Street Retreats From Highs After Increase in U.S. Virus Death Toll

By Yasin Ebrahim

Investing.com – The eased from session highs after an uptick in coronavirus deaths in the U.S. soured investor sentiment, despite growing hopes of fresh stimulus from the Federal Reserve.

The rose 1.8%, rose 1.7% and the rose 553 points, or 2.2%.

Officials in Washington state said Monday four new patients had died from Covid-19, taking the total number of deaths in the U.S. to six.

Five of the deaths were in King County and one was in Snohomish County, local officials said.

Still, stocks remained in the green amid stimulus pledges from global central banks to support the economy.

A 50-basis-point Fed rate cut is fully priced in for March, according to Investing.com’s

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