Stocks Open Sharply Higher After Worst Day Since 2008 Financial Crisis

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U.S. stocks, oil and other financial markets around the world clawed back some of their historic plunge from a day before

on hopes that the U.S. and other governments around the world will pump in more aid for the virus-weakened global economy.

In Japan, a task force set up by the prime minister on Tuesday approved a 430 billion yen package with support for small to medium-sized businesses. The S&P 500 was up 2.5 percent, as of 9:52 a.m. Eastern time. It recovered about a third of its loss from the day before.

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