Momentum and an accommodative Fed seen keeping 2020 rally going

US STOCKS rose last week as ebullience and momentum persisted despite a drastic revision of the scale of the ongoing Covid-19 outbreak.

This week, most strategists say the momentum - and accommodative words from the US Federal Reserve - should keep the 2020 rally going.

Chinese authorities said more than 60,000 people have been infected by the coronavirus, with thousands added to the list after a change was made to the way that cases were diagnosed and counted.