Signs of flattening in New York trigger massive stock rally

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

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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.

ALEX FANG, Nikkei staff writer

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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