Dow Rebounds at the Opening Bell

Index rises more than 900 points
By Newser Editors,  Newser Staff
Posted Mar 10, 2020 8:37 AM CDT
Dow Surges Over 900 Points at Open
A man wearing a protective mask walks in front of an electronic display board in the lobby of the Shanghai Stock Exchange building in Shanghai, China, Friday, Feb. 14, 2020.   (AP Photo)

(Newser) – Monday's opening of the US stock market had people using words like "bloodbath." Tuesday's opening is the opposite. The Dow immediately rose more than 900 points, nearly 4%, and the benchmark S&P 500 rose a similar percentage after the opening bell. Investors seem optimistic that the White House is serious about rolling out relief measures (including a possible payroll tax cut) to protect individuals and small businesses from a slowdown related to the coronavirus, reports MarketWatch. Still, CNBC notes that because the White House reportedly isn't close to unveiling specifics, Tuesday's bounce wasn't as big as originally expected. (The Dow fell more than 2,000 points Monday, a record.)

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