BUSINESS US stocks open higher, bouncing after Monday rout


US stocks open higher, bouncing after Monday rout


21:39, March 10, 2020


A trader reacts as he works on the floor during the opening bell on the New York Stock Exchange. (Photo: AFP)

Wall Street stocks bounced early Tuesday, recovering some of the losses from the prior session's rout, in anticipation of stimulus measures to address the economic hit from coronavirus.

A few minutes into trading, the Dow Jones Industrial Average stood at 24,773.66, up 3.9 percent or around 920 points. The index lost more than 2,000 points on Monday.

The broad-based S&P 500 surged 3.6 percent to 2,845.76, while the tech-rich Nasdaq Composite Index advanced 3.6 percent to 8,237.01.

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