(200224) -- NEW YORK, Feb. 24, 2020 (Xinhua) -- An electronic screen shows the trading data at the New York Stock Exchange in New York, the United States, on Feb. 24, 2020. U.S. stocks plunged on Monday with all three major indexes plunging more than 3 percent amid rising risk aversion. The Dow fell 3.56 percent to 27,960.80, and the S&P 500 was down 3.35 percent to 3,225.89, while the Nasdaq was down 3.71 percent to 9,221.28. (Xinhua/Wang Ying) (Photo by Xinhua/Sipa USA)
U.S.-NEW YORK-STOCKS
NEW YORK (AP) — Stocks are opening sharply higher on Wall Street Tuesday as hopes build that Congress will agree on a big coronavirus relief bill. That would follow more aggressive steps from the Federal Reserve annouunced a day earlier to support lending and bond markets. Major U.S. indexes jumped more than 5% in the first few minutes of trading, and European and Asian markets also surged. The lurch higher was the latest dizzying move for markets, which are still down by more than a third from their record highs reached a month ago as the economic damage from the coronavirus becomes more and more severe.
