BUSINESS US stocks open higher, bouncing after Monday rout

BUSINESS

US stocks open higher, bouncing after Monday rout

AFP

21:39, March 10, 2020

000_1PQ53W.jpg

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.


Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue