BUSINESS US stocks open much higher on hopes virus spread limited

BUSINESS

US stocks open much higher on hopes virus spread limited

AFP

21:46, April 07, 2020

cfa8f2aca56548aa9f486bd26926546f.jpg

Photo: VCG

Wall Street stocks opened higher Tuesday, surging for a second straight session amid hopes governments are making progress in combatting the spread of the coronavirus.

About five minutes into trading, the Dow Jones Industrial Average stood at 23,469.83, up nearly 800 points or 3.5 percent.

The broad-based S&P 500 jumped 3.1 percent to 2,744.91, while the tech-rich Nasdaq Composite Index gained 2.6 percent to 8,115.27.

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