NEW YORK (AP) — Stocks are opening higher on Wall Street after Congress and the White House reached a deal to inject nearly $2 trillion of aid into an economy ravaged by the coronavirus.
The Dow Jones Industrial Average rose 2%. The gains came a day after the Dow had its biggest percentage gain since 1933.
Stocks have been falling sharply over the past month, erasing one-third of the value from some indexes, as widespread business shutdowns, travel restrictions and stay-at-home orders wreak havoc on the global economy.
Investors say market volatility is likely to continue both up and down until the severity of the outbreak eases.
COVID-19 resource links:
- U.S. Centers for Disease Control and Prevention
- World Health Organization
- California Coronavirus (COVID-19) Response
- Fresno County
- Tulare County
- Madera County
- Mariposa County
- Merced County
- Kings County
- Kern County