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Stocks rally worldwide as markets eye businesses reopening

The S&P 500 added 1.2% in afternoon trading
Stocks rally worldwide as markets eye businesses reopening
Posted at 12:03 PM, Apr 27, 2020
and last updated 2020-04-27 14:03:34-04

NEW YORK (AP) — Stocks are rising around the world as governments prepare to gradually lift restrictions they imposed on businesses to slow the sweep of the coronavirus pandemic.

The S&P 500 added 1.2 percent in afternoon trading Monday at the start of a week chockablock with market-moving events.

Several major central banks are meeting, including the Bank of Japan, which announced its latest stimulus measures to prop up markets.

A slew of the biggest U.S. companies are also scheduled to report how much profit they made in the first three months of 2020.

Bond yields rose and the price of oil fell.