US: Stocks open higher, stabilising after Monday's rout

About 15 minutes into trading, the Dow Jones Industrial Average was up 0.3 per cent at 28,032.20.[NEW YORK] Wall Street stocks advanced early Tuesday, stabilising from the previous session's rout as markets continued to monitor the spread of the coronavirus.

About 15 minutes into trading, the Dow Jones Industrial Average was up 0.3 per cent at 28,032.20. On Monday, the blue-chip index suffered its worst session in more than two years amid fears the virus will derail global growth. The broad-based S&P 500 added 0.2 per cent at 3,232.56, while the tech-rich Nasdaq Composite Index gained 0.4 per cent to 9,258.28.

Analysts pointed to bargain-hunting as a powerful incentive for the benign beginning to Tuesday's session in spite of anxiety over the outbreak. The market will consider later Tuesday a report on US consumer confidence.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US: Stocks join global rout on coronavirus fearsRead more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

US: Stocks join global rout on virus, Dow ends -3.6%US: Stocks join global rout on virus, Dow ends -3.6%
Source: BusinessTimes - 🏆 15. / 51 Read more »

Asia stocks extend global selloff on coronavirus pandemic fearsSYDNEY (REUTERS) - Asian shares extended losses on Tuesday (Feb 25) amid fears the coronavirus outbreak was rapidly mutating into a pandemic that could cripple global supply chains and wreak far greater economic damage than first thought.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »