Stocks open higher on Wall Street following 2 steep drops

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MARKETS: Stocks are opening higher on Wall Street as the market finds its footing following back-to-back drops, as fears spread about economic fallout from the virus outbreak.

Commuters arrive on Wall Street, Wednesday, Feb. 26, 2020, in New York. Investors are getting increasingly concerned about how long it will take for the world to bring the coronavirus outbreak under some sort of control.

The virus continues to spread and threatens to hurt industrial production, consumer spending, and travel. More cases are being reported in Europe and the Middle East. Health officials in the U.S. have been warning Americans to prepare for the virus. Utilities and real estate companies lagged the market in another sign that investors were shifting away from safe-play stocks.

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