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Signs of flattening in New York trigger massive stock rally

Pressure on ventilators eases, Cuomo says, though situation is dire

Members of the National Guard exit the Jacob K. Javits Convention Center in the New York City borough of Manhattan on April 5 amid the ongoing coronavirus pandemic.

NEW YORK -- U.S. stocks surged on Monday after the governors of New York and New Jersey, two key East Coast states suffering from the coronavirus outbreak, both said they saw tentative signs of a "flattening" of the curve.

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