NEW YORK - Wall Street stocks opened solidly higher on Tuesday , bouncing back from a lackluster session as major banks kicked off earnings season in the wake of economic hit from coronavirus shutdowns.
The broad-based S&P 500 also rose 2.5 per cent to 2,829.53, while the tech-rich Nasdaq Composite Index jumped 2.9 per cent to 8,433.39. JPMorgan chief executive Jamie Dimon said the reserves were needed"given the likelihood of a fairly severe recession."
This really makes no sense in this economy