BUSINESS US stocks open higher after Monday's rout, Dow +1.9%

BUSINESS

US stocks open higher after Monday's rout, Dow +1.9%

AP

21:35, March 17, 2020

Wallstreet.jpeg

A man wearing a mask walks by the New York Stock Exchange, Tuesday, March 17, 2020.  (Photo: AP)

Stocks are opening broadly higher on Wall Street Tuesday, a day after plunging to their worst loss in more than three decades. The Dow industrials added 150 points, or 0.7%, a day after dropping nearly 3,000. 

Markets are continuing to whipsaw because of uncertainty over how badly the coronavirus will hit the economy. 

European markets are lower and Asian markets ended mixed after a bumpy day. Several economists say the global recession has already begun as large swaths of the economy shut down due to the virus. 

The Trump administration is proposing an $850 billion stimulus plan to help the economy, sources told The Associated Press.

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